Too many homeowners have cheap mortgages that are worth keeping, which is a problem for the housing market.
Besides high mortgage rates and steep home prices, the lack of existing homes for sale is keeping new buyers on standby. In a recent CNET Money survey, 13% of US adults said having access to more inventory would help them consider homebuying.
Limited housing supply is due in part to the
You Might Be Eager to Buy a House, but Homeowners Are Holding Tight to Their Mortgages
