Interest rate “lock-ins” main to fewer readily accessible properties

Interest rate “lock-ins” main to fewer readily accessible properties

Data from FactSet reveals present properties and new properties are now promoting for the identical median tag. Ten years in the past, new dwelling prices enjoy been on life like $60,000 dearer than present properties. A huge reason for that in most cases is an absence of housing stock resulting from capability sellers hanging onto their properties attributable to lower curiosity rates on their mortgages. Sami Sparber, trusty property reporter for Axios, joined CBS Data to chat in regards to the style.

#recordsdata #interestrates #financial system

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