The Great Stay
Column Published in syndication February 19, 2025We tend to label trends in society and the economy in order to simplify complex issues, with the latest example being the "Great Stay." The name is something of a riff on the Great Resignation, Great Recession, Great Depression, and other great and not-so-great patterns which have been similarly proclaimed. The Great Stay refers to the reduced mobility we are observing at present. There are two major components which are coming together to create this phenomenon.
- Tags:
- mortgage rates,
- housing,
- jobs