{"id":2041,"date":"2014-03-05T19:27:08","date_gmt":"2014-03-05T19:27:08","guid":{"rendered":"https:\/\/preprod.housingwire.com\/knowledge\/?p=2041"},"modified":"2019-11-06T15:00:33","modified_gmt":"2019-11-06T15:00:33","slug":"the-impact-of-lock-in-effects-on-housing-turnover","status":"publish","type":"post","link":"https:\/\/preprod.housingwire.com\/knowledge\/the-impact-of-lock-in-effects-on-housing-turnover\/","title":{"rendered":"The impact of lock-in effects on housing turnover"},"content":{"rendered":"<p>This research brief\u00a0summarizes a new working paper by IHS researchers Patric Hendershott, Jin Man Lee, and James Shilling. It finds that rapidly increasing interest rates, along with negative equity, \u201clock-in\u201d households to their existing mortgages and residences, which reduces housing turnover. Additionally, this research finds that a decline in housing sales due to increasing locked-in households will be greatest in the strongest housing markets, areas that have driven the housing market recovery. This combination of interest rate and equity locked-in households may represent a challenge to housing market stability and economic recovery in coming years.<\/p>\n<p><strong>Publisher:<\/strong> Institute for Housing Studies, DePaul University<br \/>\n<strong>Date:<\/strong> February 26, 2014<br \/>\n<strong>Format:<\/strong> Research Paper<\/p>\n<p><a href=\"http:\/\/marketing.housingwire.com\/acton\/formfd\/4321\/002e:d-0008\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-2063\" alt=\"btn_click2view\" src=\"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2014\/03\/btn_click2view.png\" width=\"148\" height=\"32\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This research brief\u00a0summarizes a new working paper by IHS researchers Patric Hendershott, Jin Man Lee, and James Shilling. It finds that rapidly increasing interest rates, along with negative equity, \u201clock-in\u201d households to their existing mortgages and residences, which reduces housing turnover. Additionally, this research finds that a decline in housing sales due to increasing locked-in [&hellip;]<\/p>\n","protected":false},"author":685,"featured_media":2042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[64,59],"coauthors":[79],"class_list":["post-2041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-research-paper","tag-top-picks"],"acf":[],"jetpack_featured_media_url":"https:\/\/preprod.housingwire.com\/knowledge\/wp-content\/uploads\/sites\/2\/2014\/03\/lockin.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/users\/685"}],"replies":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/comments?post=2041"}],"version-history":[{"count":1,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2041\/revisions"}],"predecessor-version":[{"id":2942,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/posts\/2041\/revisions\/2942"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media\/2042"}],"wp:attachment":[{"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/media?parent=2041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/categories?post=2041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/tags?post=2041"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/preprod.housingwire.com\/knowledge\/wp-json\/wp\/v2\/coauthors?post=2041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}