Inventory Squeeze to get even Squeezier

People are aging and staying in their homes longer

Hi! I’m Aziz. My newsletter contextualizes America’s housing market using data visualization—hit reply and let me know what you think.

The inventory of homes for sale is mired near the lowest level on record. A widely-cited culprit is the “mortgage lock-in” effect (people don’t want to move and lose their cheap mortgages). But that’s not the whole story…