In the current housing market, homeowners are increasingly hesitant to give up their historically low interest rates, further exacerbating the shortage of available housing inventory. This trend is largely fueled by the limited number of new construction options available, as builders are struggling to keep up with the demand for housing. As a result, the supply of homes on the market is dwindling, leading to increased competition and rising prices in many areas.

– Homeowners are holding onto low interest rates
– Limited new construction options exacerbating housing shortage
– Supply of homes on market decreasing
– Rising prices and increased competition in many areas

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