Americans Stop Moving as Mortgage Lock-In Persists: Home Depot Sees 'No Sign' of Housing Turnaround
Moving plans hit a record low as mortgage lock-in keeps homeowners put, while Home Depot sees “no sign” of a housing turnaround.
Fewer people are moving because mortgage rates are high, so fewer homes are being bought and sold. Home Depot (which sells building stuff) says they don't see things getting busier soon, so watch if they report fewer sales.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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