Ultra-low mortgage rates for more than a decade have trapped many homeowners in their current home loans and have made the prospect of moving to another property or a new location increasingly unlikely. This has kept the number of new listings each month to a bare minimum and the inventory of homes on the market near historic lows.
Buyers Shop New Homes as Properties for Resale Remain Scarce
Existing-Home Sellers Sit Tight as Rates Stay High
CoStar Analytics
May 24, 2023 | 2:32 P.M.
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