Economy

Is the small rise in interest rates the cause? Maybe...

Plausibly could be families looking at crazy stupid increases in the cost of the homes...

Plausibly, families are worried that the increased cost of gas and greedflation will make moving into a home risky, as eating and getting to work are really important to most families.

Plausibly, they are sticking with the status quo until Covid is really under control for good.

Plausibly, they are waiting to hear from bosses if there will be raises this year, or if companies that are making record percentage profits by price gouging, plead poor when it comes to paying workers.

I could go in but this is (as is common) sloppy, lazy economic reporting. Where is your evidence that rules out other potential causes.

So sick if lazy journalism.