The Pandemic Wiped Out Housing Inventory: Miller

The video discusses the impact of interest rates on the housing market, focusing on the difference between variable and fixed mortgage rates. It highlights the low inventory levels due to homeowners being locked into low rates, making them reluctant to sell. The video also addresses market uncertainty and recession expectations, which contribute to the stagnant housing market. Finally, it compares current inventory levels to historical data, emphasizing the significant drop in available homes since the pandemic.

What impact has consumer uncertainty had on the housing market?

What historical context is provided regarding the low inventory of homes?