Attention Economy


Wednesday, May 10, 2023

A Strange Housing Market

The Home Buyer’s Quandary: Nobody’s Selling
https://www.wsj.com/articles/low-mortgage-rates-home-sales-low-supply-899aab29
Many are ready to move but don’t want to lose the low-rate mortgages they locked in a few years ago, crimping the supply of homes and keeping prices high

Home Buyers Are Eager but Sellers Are Scarce, Creating ‘Real Gridlock’
https://www.nytimes.com/2023/04/29/business/spring-housing-market.html
Homeowners with low-rate mortgages are delaying the decision to sell until market conditions change.


Home Prices Fell in Third of the U.S. During First Quarter
https://www.wsj.com/articles/home-prices-fell-in-third-of-the-u-s-during-first-quarter-a7f7f78d
Prices drop in more parts of the U.S. than they have in over a decade