A Perfect Economic Storm Has Homeowners Staying Put & Would-Be Buyers Sidelined

Household debt in the United States has now surpassed its 2008 peak. Meanwhile, housing inventory has plummeted and homeowners are increasingly refusing to budge from their homes. What’s going on? A perfect storm of economic forces are squeezing existing homeowners to stay put and preventing first-time buyers from purchasing. While longer ownership might seem benign …

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