CANFIELD, Ohio – In this excerpt from The Business Journal Roundtable Series featuring housing and mortgages, panelists said homeowners with historically low mortgage rates are unlikely to move unless necessity dictates.
Life events, property needs, and limited suitable inventory drive decisions, while built-up equity can make selling more feasible.
First-time homebuyers continue to face challenges accessing existing homes amid constrained supply and higher borrowing costs.
Watch the full discussion HERE.
Read the full transcript HERE.