September 2024

Mortgage Rte Lock In Effect Home Appraisals Home Values Supply and Demand

Homeowner “Lock-In” Effect

Implications for Buyers and Market Dynamics In today’s real estate landscape, the homeowner “lock-in” effect plays a pivotal role in shaping market dynamics and influencing both current homeowners and potential buyers. This phenomenon occurs when homeowners with favorable mortgage terms, such as low interest rates, are hesitant to sell their homes, fearing that they will

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