Concern grows surrounding home sale slump

An ASU real estate expert discusses how rising interest rates and low inventory don't contribute to a fluid housing market.

In this story aired Feb. 15, 2024, on Arizona PBS:

You have this lock-in effect where people that have been in their homes since the interest rates were very low aren't motivated to move.

– Mark Stapp, Fred E. Taylor Professor in Real Estate, executive director of the Master of Real Estate Development program, and director of the Center for Real Estate Theory and Practice