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Charts Of The Week: Housing Market, Tech Layoffs And More

Check out Mike Carr’s top charts from last week, including a bonus chart on the state of the housing market:

The Most Significant Problem for the Housing Market

The problem is simple: Two-thirds of existing mortgages are at 4% or lower.

Today’s average rates are about 7%. That’s the other problem.

Many homeowners with rates under 4% don’t want to sell. They have a low rate and would have to move into a less expensive home to keep their mortgage payment the same.

Bottom line: For the next few years, the supply of homes available to buy will be limited by the lack of willing sellers.

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