Luminous Realty

I've reported and published stories on contemporary trends in real estate and the housing market for a number of years, and I often find it useful to examine mortgage rates and important behavioral shifts homebuyers make.

Real estate technology company Zillow also pays careful attention to developments in homebuying and selling - and the company has now spotted an intriguing new one.

Before I get to that, though, let's check in on current mortgage rates.

Zillow predicts key real estate, housing market change The real estate technology company makes a key statement on one important new homebuying trend.

But in the following few years, the American Dream came crashing down as mortgage rates and home prices rose, and inflation and wage stagnation set in. That meant more homeowners in the U.S. had sub-3% mortgage rates compared with today's 6%-range rates, creating a lock-in effect in which current homeowners refused to let go of their low mortgage rates and sell their homes only to turn around and face a much higher mortgage rate.

Down Arrow Button Icon “The dreaded mortgage rate ‘lock-in’ effect is fading,” said real estate investor and Reventure CEO Nick Gerli.