What’s Really Keeping the Housing Market Stuck? - Nick Friedman | S3E31

About this episode

Mary and Nick shift to existing homeowners and move-up buyers, beginning with the continued lock-in effect created by pandemic-era mortgage rates. They discuss whether there is a rate that could bring more homeowners back into the market, the life circumstances that are already overcoming rate lock-in and the greater flexibility existing homeowners have because of accumulated equity. The conversation touches on why accessing that equity before selling has become more important, the difficulty of home-sale contingencies in the current market and “Buy Before You Sell” as one tool for addressing that problem. The discussion then moves to one of the more surprising findings in the HomeLight…