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The new housing Quagmire The U.S. housing market isn’t collapsing — it’s calcifying. Millions of homeowners are frozen in place, unwilling or unable to sell because doing so would double their mortgage rate. That paralysis has turned the market into a game of musical chairs with no one willing to…

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The new housing Quagmire The U.S. housing market isn’t collapsing — it’s calcifying. Millions of homeowners are frozen in place, unwilling or unable to sell because doing so would double their mortgage rate. That paralysis has turned the market into a game of musical chairs with no one willing to stand up. According to new Federal Reserve research, nearly half the decline in homeowner mobility since 2021 can be traced directly to this “lock-in effect.” Families who once might have upgraded, downsized, or relocated for work are staying put, choking off supply for first-time buyers and younger families. The result isn’t just fewer homes for sale — it’s a system-wide jam that drives prices higher and weakens the economy’s flexibility. This isn’t a bubble. It’s a slow-motion freeze that threatens to make homeownership a one-time privilege rather than a stepping stone. Until policymakers confront the mobility crisis — not just affordability — America’s housing market will remain a monument to immobility. http://wps.news/2025/11/11/home-sweet/