Housing Market’s Lock-In Effect, as Explained by Amherst’s CEO
Sean Dobson, Amherst’s Chairman, CEO & CIO, sat down with Lance Lambert at ResiClub to discuss the housing market’s “lock-in” effect, the existing supply/demand imbalance, and resulting opportunities within single-family rental. Read the full article linked here.
“This lock-up effect has really dried up inventory. Higher rates are making it more difficult for people to qualify,” Dobson says. “When you have a switch cost now that is $1,000 per month to replace the same mortgage balance you have at a higher rate, it’s an incredibly high barrier to get people to move.”
– Sean Dobson, Chairman, CEO, & CIO
