In this housing market, it makes less and less sense to move. American homeowners sitting on the lowest mortgage rates in modern history will find it far costlier to buy their next home. And for most everyone, it’s gotten harder to find the right next home when there are so few vacant ones available. The rate at which Americans move, both across town and across the country, has been steadily declining since the 1980s. Now all of the conditions in the housing market are aligned to grind down that mobility rate even more.

Source: New York Times May 28, 2022 00:40 UTC