Not only was it people who purchased in 2022, but tons of refinances happened making a huge percentage of home owners locked into these low interest mortgages locked into these golden handcuffs freezing the real estate market. It also added huge liquidity into the markets which pushed inflation on consumer goods.
Not only was it people who purchased in 2022, but tons of refinances happened making a huge percentage of home owners locked into these low interest mortgages locked into these golden handcuffs freezing the real estate market. It also added huge liquidity into the markets which pushed inflation on consumer goods.