Only 3% Say They’d Sell at 6% or Higher — Here’s Why That Matters
the staff of the Ridgewood blog
Ridgewood NJ, America’s housing market is stuck — and it’s not thawing anytime soon.
According to a recent Bankrate survey, only 3% of U.S. homeowners say they’d be comfortable selling their homes in 2025 if mortgage rates remain at 6% or higher — which they likely will. That reluctance has created a market freeze that’s stifling both supply and demand, pushing existing home sales to their slowest pace in nearly 30 years.
Continue reading U.S. Housing Market Stuck in a Deep Freeze as Mortgage Rates Lock Homeowners In
