Tag: Research Paper

The impact of lock-in effects on housing turnover

This research brief summarizes a new working paper by IHS researchers Patric Hendershott, Jin Man Lee, and James Shilling. It finds that rapidly increasing interest rates, along with negative equity, “lock-in” households to their existing mortgages and residences, which reduces housing turnover. Additionally, this research finds that a decline in housing sales due to increasing locked-in […]