Ep. 208 - Why Housing Inventory is Stuck and Prices Keep Rising

What’s really freezing the housing market, and how does it impact you?

In episode 208, we dive deep into the concept of "frozen homes" and the impact this trend is having on today's housing market. With affordability at an all-time low and inventory still tight, homeowners are finding themselves locked in—unable to sell their homes due to rising costs and low-interest mortgages. Quinton explores why many current homeowners are staying put and how this “frozen” state is contributing to the housing market's ongoing challenges.

Quinton also breaks down key data, including the rise in mortgage-free homeowners, and how supply and demand issues are intensifying. From a historical perspective on interest rates to the future of homeownership trends, this episode gives you a comprehensive look at the forces shaping today’s real estate market.

[00:00] - Introduction and Knoxville Trip Recap
[01:35] - The Concept of Frozen Homes and Affordability Issues
[04:12] - Inventory Challenges and Generational Homeownership Trends
[06:30] - The Impact of COVID-19 on Home Prices and Supply
[07:49] - Rent Prices, Mortgage Rates, and the Lock-In Effect
[09:45] - Why 40% of Homeowners Are Mortgage-Free
[12:04] - What Interest Rates Will Unlock the Housing Market?
[14:50] - How Supply May Shape the Future of Homeownership

Key quotes:

"Homeowners today are frozen out of buying a new home due to affordability." - Quinton Harris

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