The Pandemic Wiped Out Housing Inventory: Miller

The video discusses the impact of interest rates on the housing market, focusing on the difference between variable and fixed mortgage rates. It highlights the low inventory levels due to homeowners being locked into low rates, making them reluctant to sell. The video also addresses market uncertainty and recession expectations, which contribute to the stagnant housing market. Finally, it compares current inventory levels to historical data, emphasizing the significant drop in available homes since the pandemic.

What is the primary reason for low housing inventory in the US?

• Government restrictions on selling homes

• People are locked into low fixed mortgage rates

• High demand for new homes

• Increase in construction costs

According to the study mentioned, what percentage of US homeowners are willing to sell if their mortgage rate is 5% or higher?

• Two in five

• Four in five

• Three in five

• One in five

What has been a significant factor contributing to the uncertainty in the housing market?

• Increase in foreign buyers

• Expectations of a recession

• Government policy changes

• Rising construction costs

How does the current housing inventory in Florida compare to pre-pandemic levels?

• 80% below

• 40% below

• 60% below

• 20% below

What was a major consequence of low interest rates during the pandemic?

• Stabilization of housing prices

• Obliteration of listing inventory

• Decreased demand for homes

• Increased housing inventory