Insights for Navigating an Uncertain World
https://www.zerohedge.com/markets/these-cities-have-most-trapped-homeowners-their-low-rate-mortgages
(This is a key reason why housing prices have continued to rise even in the face of rising interest rates. Demand for homes has fallen, but the supply of available homes for sale has fallen by even more.)
Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times. View more posts