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
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