What's STOPPING Homeowners from SELLING?

Homeowners are holding onto their homes longer than ever. The typical homeowner now stays in their home about 12 years, and in some cities like Los Angeles it is closer to 20 years. This “lock-in effect” is one of the biggest reasons housing supply remains tight and home prices stay elevated. Russell McDonald | NMLS 290837 | Broker CA DRE 01150730 Wymac Capital Inc | NMLS 18766 | Broker CA DRE 01121628 Real Estate Broker - CA Dept of Real Estate