The Locked Housing Market, Understanding the “Lock-In Effect” in 2025
berbagiberkat.com – As of late 2025, the U.S. housing market remains in a state of gridlock, often described as “locked” due to persistently low inventory and subdued sales activity. Homeowners are reluctant to sell, trapping potential supply and keeping prices elevated despite high mortgage rates. This phenomenon, known as the mortgage rate lock-in effect, has…