Investopedia News-written by Diccon Hyatt, Nov.1st 2023 https://www.investopedia.com/homeowners-increasingly-reluctant-to-sell-but-not-for-the-reason-you-d-expect-8385942
High mortgage rates make homeowners and customers difficult to participate in sales, but prices are rising. As many homeowners refinanced during the pandemic, the continuous rise of mortgage rates are not surprising though the problem of “lockdown” can occur. Trends for longer ownership also enables homeowners unwilling to sell their property.