Housing Market Is Rage-Quitting: The 7% Lock-In That’s Freezing America

The lie is that “low inventory” is mysterious. The truth: 3% → 7% rates created a lock-in wall, and sellers are rage-quitting their listings when the dream price doesn’t hit. That stalls move-ups, move-downs, and relocations, freezing demand. Add one labor shock and this slows… fast.