Homebuyers Lose Out As Sellers Decide Not To Sell

According to housing experts, a lack of sellers is the biggest problem in the housing market, creating a stalemate. While there is interest among buyers with mortgage applications increasing by 10% in March, the number of homes for sale is low. Homeowners inclined to sell are hesitant to do so because of the high prices and mortgage rates they would face as buyers. More than three-quarters of sellers in a recent survey by Realtor.com stated they felt "locked in" to their home by their own low mortgage rate. Sales of existing homes in March were down 22% from the previous year, and the inventory of unsold homes on the market at the end of March totaled 2.6 months' supply, meaning it would take that long to sell them. Experts say it is going to be a "tortuous process" to unfreeze the market and take a long time to get back to a normal supply-and-demand situation.
March Housing Numbers Drop 3% But STILL Unaffordable! https://youtube.com/live/xzTs70bd9pU
Cooling Or Collapse Of The Housing Market: https://youtube.com/live/43rzr67T77k
Housing Market FRAUD Is On The Rise!: https://youtube.com/live/lKDytQV52QA
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Видео Homebuyers Lose Out As Sellers Decide Not To Sell канала Kristina Smallhorn