interest rate to a new home. Many people aren’t going anywhere with a sub 3% rate and this has put a huge restriction on the supply side. If they could take their mortgage and rate to a new house, I think this would really get the market moving again and with more homes available, prices might actually come down.

Right now sellers don’t have much competition so they can price their home reasonably high. If buyers had more to choose from I think it would put pressure on the sellers to price it competitively if they want to sell in a reasonable amount of time