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A realtor lock box hanging on the doorknob of a house for sale. A real-estate lock box is a padlock-shaped box that generally hangs around the doorknob of a house that is on the market. The device holds the keys to a house to allow common access for all real estate agents, while continuing to keep them secure. [1]
Mortgage rates are starting to ease downward after the Fed's first-in-a-long-time rate cuts. While this seems like it should start to free up the housing market, there's a phenomenon that might ...
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Historically, such locks were intended for use at night-time, hence the name. [5] The keyless egress that they offer is a valuable fire safety measure, but may be a security risk if breaking a glass panel (usually in the door) or a nearby small window allows an intruder to reach the knob inside and open the door from the outside.
Dave Liniger, who co-founded real estate giant RE/MAX with his wife in 1973, said the lock-in effect means people who want to size up to a bigger home can’t, and the next generation can’t even ...
However, the lock-in effect had only a modest impact on home prices: It pushed costs up by 5.7 percent. At the same time, elevated mortgage rates reduced prices by an estimated 3.3 percent ...