>I'm very interested to understand what's holding them up so high - increasing even as interest rates rise. Mostly lack of liquidity. Unless forced, very few

>I'm very interested to understand what's holding them up so high - increasing even as interest rates rise. Mostly lack of liquidity. Unless forced, very few people who are sitting on a 2% mortgage are going to sell and take on another mortgage at 8%. Supply has gone up a little since the Covid lows but it still nowhere near where it was during the last collapse in 2007/2008 when sellers were legion. https://en.macromicro.me/charts/32/existing-home https://en.macromicro.me/charts/32/existing-home