Why the ‘Lock-in’ Effect Is Prompting Homeowners to Stay Put
Pro Builder
SEPTEMBER 20, 2022
Even as the housing market slows, a lack of new inventory is sustaining elevated home prices and leaving would-be buyers with few affordable options. For example, Redfin found that in Atlanta, Chicago, Los Angeles and Washington, D.C., Financing. This “lock-in” effect is manifesting in markets across the country.
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