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Entrepreneur

Homeowners can’t afford to move (mortgage rates are too high) | Housing Market Crash

podcast August 16, 2023


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Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. 

In today’s episode, I talk about an article detailing the reasons homeowners with low interest rates are hesitant to sell their homes. According to Goldman Sachs, 99% of borrowers have a mortgage rate lower than 6%. 

In spite of this reality, there are still many ways you can creatively work with homeowners in that situation to acquire their properties. In this episode I discuss what to do if you want to sell but have a low interest rate, how to work with sellers who don’t want to sell in this market and more.

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