How 7% mortgage rates will change housing for a decade
Housing Wire
JANUARY 8, 2025
Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. 2016 ended with 14% less available inventory than the year before. had these cheap mortgages.
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