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The Wall Street Journal

After Years of Low Mortgage Charges, Dwelling Sellers Are Scarce

Owners with low mortgage charges are balking on the prospect of promoting their properties to borrow at a lot increased charges for his or her subsequent properties, a growth that would restrict the provision of homes on the market for years to return.

Housing stock has risen from document lows earlier this 12 months as extra properties sit available on the market longer. However the variety of newly listed properties within the 4 weeks ended Sept. 11 fell 19% year-over-year, based on real-estate brokerage Redfin Corp. That is a sign that sellers who don’t must promote are staying on the sidelines, economists say.

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