Home Prices Stay High Amid Supply Shortages and Mortgage Lock-In
Home prices have stayed elevated into early 2026 despite mortgage rates above 7% last year, because the market is constrained more by a chronic inventory shortage than by demand. The United States faces a supply gap of roughly 4.0 million homes and a homeowner vacancy rate of just 1.2%, keeping price pressure high even as sales volumes fall. A lock‑in effect—homeowners reluctant to trade low‑rate mortgages for higher‑rate financing—has suppressed over a million transactions since 2022, further supporting values.
NYC Rent-Stabilized Buildings Investment: What Makes Deals Work Now
New York City’s rent‑stabilized housing market has shifted from speculative, appreciation‑driven deals to long‑term, cash‑flow focused investments after the 2019 Housing Stability and Tenant Protection Act limited rent increases. Property values have dropped 35%‑60% from their 2017‑18 peaks, and transaction...