The ‘Lock In’ Effects Hampering the Housing Market

Odeta Kushi breaks down how interest rates have impacted the housing market with expectations high for the Fed to cut in September. There are several “lock-in” effects reducing mobility and hampering supply, Odeta explains, such as the weakening job market. However, she sees some areas of the country where it’s becoming a “buyer’s market.” It’s big life events, not “financial incentive,” that are making people move, she argues. On the other hand, new builds are the “bright spot” in the sector despite rising homebuilder costs.

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