The mortgage rate change has an insanely huge effect (which means that keeping them artificially low for 20 years has a similar effect the other way) - and it’s

The mortgage rate change has an insanely huge effect (which means that keeping them artificially low for 20 years has a similar effect the other way) - and it’s worse right now because anyone who owns a house with a mortgage would significantly increase their payment if they sold and bought an identical house next door. So people just aren’t moving.