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Listen to this The Spring Housing Shortage In Real Estate listings
Manage episode 362088690 series 3443444
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Home Buyers Are Eager to Buy, and Sellers are locked with low-interest rates and are staying put. The housing market typically comes to life in spring, when buyers emerge in the warmer weather. This year, the market appears stuck in a deep freeze, and the biggest culprit is a lack of sellers, housing experts say.
There is interest among buyers — mortgage applications were up 10 percent in March from the month before — but the number of homes for sale is low. The mismatch is caused in part by homeowners who are inclined to sell but are sitting on the sidelines, scared off by the steep prices and mortgage rates
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