US home sales fade in June as prices soar to record levels

[AZJonnie]

5. I feel you on the cost situation

Even though I have a 15 year, my interest rate is circa 2021 (so, killer), and what I spend on mortgage per month would get me at best a 2 bedroom apartment, maybe 2/3 the size, in this general area. With how fast my principal plummets with this loan, and housing prices staying steady at least, it makes NO sense to sell and move unless I had to, in the current environment. I'd imagine both our situations are being played out on a huge scale nationwide, leading to lower-than-normal inventories, which along with coinciding factors like interest rates, is leading to slow overall existing home sales.