New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’

Homeowners are showing a willingness to put their homes on the market at increasing rates, marking a continuous shift away from the “lock-in effect,” as detailed in Realtor.com®’s September Housing Trends Report.  Active listings were up 34% year-over-year, though that number was still down 23.2% within a five-year timespan. The average median home listing price…

The post New Listings Increase as Mortgage Rates Decline, Slowly Eroding ‘Lock-in Effect’ appeared first on RISMedia.

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