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Home prices are probably higher now than they would be due to the limited supply due to people being locked into house.
by AdamN 10mo ago
Home prices are probably higher now than they would be due to the limited supply due to people being locked into house.
- sokoloff 10mo agoAren't most people who are "locked into house" a seller that's removed from the market, but also a buyer that's removed from the market? I can see how someone who decides to keep their current house to use as a rental and buy a new owner-occupied property would tend to increase house purchase prices slightly (but also increase rental availability and lower rent prices slightly), but also think that’s a tiny minority of current homeowners.