Money Rehab with Nicole Lapin · Monday, August 10, 2026
Mauricio Umansky reported a significant 40% drop in real estate transactions compared to the average of 5.8 million per year. He attributes this slowdown to owners with low interest rates being unwilling to sell and trade up to higher mortgage payments.
“Um, but a typical, somewhere around 5.6, 5.7 million transactions in the country. Um, during COVID, we went up to 7 million transactions. Um, right now we're at 3 and a half million transactions. Uh, 40% drop from the average of 5.8 million.”
“Owners that have are sitting on low interest rates, they don't want to sell. Or, you know, what are they gonna trade up or trade down? You're gonna trade down and you're gonna have a higher mortgage payment than if you stay. And so if you trade up, you're gonna have a higher mortgage payment than if you stay.”