04.15.24 The NYT offers up a compelling explanation as to why property owners aren’t moving, inventory of properties for sale is so low and prices are so high…not just in Aspen, but in general everywhere. Link to article
Excerpt: “It might seem strange to suggest there’s a problem now with so many people having scored great housing deals during the pandemic. The problem arises from the fact that rates rose from their pandemic low so high, so fast. Seemingly overnight, most American homeowners with mortgages found themselves in a situation where it might now feel financially foolish to sell their home.”
04.13.24 The WSJ had a related article on why Boomers aren’t moving. Link to article
