The entire housing market has shrunk by about 20% because a large portion of homeowners with 3% mortgages are neither buying nor selling, they’re just sitting tight and have vanished as demand, and have vanished in equal number as supply, and so sales and supply are down in equal measure, and the churn is down.
Realtors make money off the churn, coming and going, and for Realtors, this situation adds another layer of problems to their livelihood.
The average 30-year fixed mortgage rate was above 7% in the latest reporting week, according to the Mortgage Bankers Association today:
The entire housing market has shrunk by about 20% because a large portion of homeowners with 3% mortgages are neither buying nor selling, they’re just sitting tight and have vanished as demand, and have vanished in equal number as supply, and so sales and supply are down in equal measure, and the churn is down.
Realtors make money off the churn, coming and going, and for Realtors, this situation adds another layer of problems to their livelihood.
The average 30-year fixed mortgage rate was above 7% in the latest reporting week, according to the Mortgage Bankers Association today:
Source: Wolfstreet
住宅市場全体が約20％縮小したのは、3％の住宅ローンを抱える住宅所有者の大部分が購入も売却もせず、じっと待っているだけで需要が消え、供給と同数だけ消えたためであり、そのため売上と供給が同程度に減少し、流動性はdown.
不動産業者は、顧客の入れ替わりや出入りによって利益を得ており、不動産業者にとって、この状況は生活に新たな問題をもたらすことになります。
住宅ローン銀行協会が本日発表したデータによると、最新の報告週における30年固定住宅ローンの平均金利は7%を超えた。
出典: ウルフストリート