Real Estate
Homeowners Stuck as Sales Hit 40-Year Low
The U.S. housing market is seeing its slowest sales pace in over 40 years, with only 4.7% of homeowners selling between 2023-2025. High prices and the "lock-in effect" of low mortgage rates are preventing both buyers and sellers from transacting. This slowdown impacts affordability, particularly for first-time buyers, and creates regional variations in market activity.