Sellers Survey: 82% of Those Looking to Buy and Sell a Home Feel “Locked In” by Low Mortgage Rate

By Hannah Jones

According to a new survey from Realtor.com^® and HarrisX, the vast majority (86%) of those planning to sell their home in the next 12 months are also planning to buy a new home.

And because most of these sellers will be taking on a new mortgage, this creates a major affordability hurdle.

In fact, 82% of these seller-buyers feel "locked in" by their currently low mortgage rate. As a result, more than half of seller-buyers (56%) who are planning to sell in the next 12 months said they are waiting for rates to come down, while 25% need to sell soon for personal reasons.

Read Full Article here : Realtor.com