The US Housing Market Faces a 'Lock-In Effect' as Homeowners Hold onto Their Homes Amidst High Demand and Low Interest Rates
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#b15ff15f ver:0.11

The US housing market faces a 'lock-in effect' as homeowners hold onto their homes amidst high demand and low interest rates. 37% of renters plan on renting forever, with 75% stating that renting suits their lifestyle better. Factors influencing the decision to rent include upfront costs, maintenance responsibilities, and doubts about home value as an investment. 58% of homeowners feel they couldn't afford to repurchase their homes at current prices and rates. The 'lock-in effect' has led to a shortage of available homes, driving up prices and creating a competitive market. Experts predict this will continue until rates rise or housing supply increases. #HousingMarket #RentingVsBuying...

#newstr #UsHousingMarket #LockinEffect #LowInterestRates #HighDemand #ShortageOfAvailableHomes #CompetitiveMarket #HomeownershipTenure #HousingInventory #BiddingWars #RisingPrices #FirsttimeBuyers 

 https://here.news/story/b15ff15f?ver=0.11