In the post-pandemic era, both the labor and housing markets have experienced a reluctance to move, leading to what I term 'The Great Stay'.
Despite low unemployment, people are quitting jobs less often due to a blend of hesitant hiring practices and a fear of change in the current job market.
The housing market mirrors this trend; mortgage owners are comfortable with low rates and high equity, resulting in fewer willing buyers and sellers.
As of this week, we see a shift—inventory of unsold homes has decreased slightly, though year-over-year comparisons show significant increases in available properties.
Collection
[
|
...
]