Shark Tank's Kevin O'Leary gives stark warning about housing market in these three states
Canadian businessman Kevin O'Leary has singled out three states where homeowners are reluctant to sell their properties. Homeowners in Texas, Florida, and Tennessee are currently enjoying low mortgage rates and would likely double their payments if they made the decision to move to another state. Over the last two years, the U.S. Federal Reserve's hiked interest rates in an effort to curb inflation. In the process, mortgage rates have been pushed to their highest levels in four decades.
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