Interest Rates Have Dropped, but Homeowners Are Not Moving

Interest Rates Have Dropped, but Homeowners Are Not Moving

The New York Times-Real Estate·2024-09-14 06:10

By Rukmini Callimachi

Rukmini Callimachi interviewed seven economists for this article, as well as experts in the housing economy.

On an earnings call earlier this summer, the chief executive of the online real estate brokerage Redfin was asked whether he had a contingency plan if interest rates did not come down? His answer was maybe a bit too frank.

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