For months, real estate sales have struggled due to a persistent lack of available homes for sale. This has been attributed to a “golden handcuff” effect resulting from high interest rates, which deters homeowners from obtaining new mortgages or finding sellers able to afford their homes. This may change if interest rates manage to decline, but that may not happen for the foreseeable future.
Continue reading “High Interest Rates Trap Homeowners in Current Mortgages”
