General World News

Why is housing inventory growing with higher mortgage rates?

The mortgage rate lockdown premise says that if rates rise, inventory can’t grow meaningfully. The idea is that nobody will trade their low mortgage rates to buy another home — even though this happened every week last year. Of course, I have a different view. My podcast partner, Editor in Chief Sarah Wheeler, disagrees, along with many others. You can see our debate on this topic here.

Let’s take a look at the inventory data this year to test this premise, since for many months it has been a working theory of mine that new listings data behavior details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com