More homeowners choosing to rent out than sell
There's a new trend among homeowners looking to buy a home in 2014. They're choosing to rent out their current home instead of selling it to buy their next house.
39% of buyers prefer to rent out their last home than sell
Experts are attributing this to the refinancing boom.
"Homeowners who refinanced when fixed mortgage rates dropped below 4 percent will be less inclined to put their homes on the market as interest rates climb. And as a result, the limited property supply already impeding sales in many markets may not ease anytime soon."