Why many homeowners don't want to sell

As you likely know, the housing market has been struggling with inventory for years.

Years of low production from home builders certainly play a part in this shortage, but an increase in construction isn’t the fastest way to solve the issue. Existing homeowners – many of whom are currently hesitant to sell – factor in, too.

Here’s what is keeping homeowners in place (and how it impacts housing supply).

• Low inventory: As mentioned above, low inventory has a roundabout effect. Because there are fewer homes to choose from, some homeowners fear entering the market and not having many options. As...