First American’s podcast examining the economic forces that influence real estate, housing and affordability, featuring First American Chief Economist Mark Fleming, Ph.D. and Deputy Chief Economist Odeta Kushi.
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Higher mortgage rates leave existing homeowners feeling ‘rate locked-in’, to their existing homes. And existing homeowners are the largest source of buyers. Fewer homes for sale and fewer sales. The more the rate lock-in effect, the fewer sales. pic.twitter.com/Uqp4Oqm6L7— Mark Fleming (@mflemingecon) May 26, 2022
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