ilmscore | Housing Market - Lock-in Effect Predictions
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Housing Market - Lock-in Effect

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The homeowner 'lock-in effect' is expected to begin easing by 2025 for some homeowners (specifically those who bought in 2022 at 5% rates) and gradually diminish over approximately the next decade.
"over time the lock and effect will ease people who bought homes in 2022 at 5% interest rates could p..."
BiggerPockets BiggerPockets
Jun 14, 2024
Correct
Redfin Chief Economi...