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What Will It Take To Get Reluctant Home Sellers To Move?
MarketWatch, June 1, 2022–Holden Lewis
You’ve heard of golden handcuffs. That’s when a company compensates you generously to discourage you from taking a job elsewhere. Some of us restrain ourselves with another type of golden handcuffs: low mortgage rates. Economists dub the phenomenon the “rate lock-in effect.”
https://www.marketwatch.com/story/what-will-it-take-to-get-reluctant-home-sellers-to-move-11653685374?mod=mortgage-rates