How 7% mortgage rates will change housing for a decade
Housing Wire
JANUARY 8, 2025
Most people didnt notice this growing lock-in effect as it was developing in the mid 2010s, but it was well under way. If mortgage rates stay elevated into 2026, we could easily see inventory grow back to 1 million homes or more levels that we used to consider normal a decade ago. It also means muted equity increases.
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