Want to know why the housing market is so competitive? Look at this one metric

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Finding a home to buy is incredibly difficult these days — and one major shift is driving the national housing supply shortage.

If you’ve thought about buying a home in recent months, you’ve likely encountered a dismaying landscape: There are tons of buyers in the housing market, but hardly any properties available for sale.

A new report from real-estate brokerage Redfin RDFN sheds light on one factor that’s fueling the national housing-supply crunch. The takeaway: Homeowners across the U.S. aren’t moving as often as they used to. “Homeowner tenure may have already peaked, or the decline in 2021 could be a blip before it climbs back up,” Redfin chief economist Daryl Fairweather said in the report.

Other trends, though, may counteract the potential benefits of the pandemic-fueled interest in migration. Rising mortgage rates may prompt some families, who would otherwise buy a new home and sell their current one, to stay put. That’s because the higher interest payments might begin to counteract the savings they could see from moving to a cheaper area.Plus, homeowners on average are getting older — a trend that predates COVID-19.

 

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It's not hard if you got the money

Rаtе mу bооbs😘😘😘

Hey, millions of criminal aliens from the south need a place to live, right?

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Nigeria Nigeria Latest News, Nigeria Nigeria Headlines