A bill in Congress would let homeowners carry an existing conventional mortgage rate, term and balance to a new house if they close within 90 days of selling. Rep. Tom Kean Jr. introduced H.R. 10028 on August 3 and it is stalled in the House Financial Services Committee. Charleston listings have fallen from 2,612 homes in 2018 to 1,507 in August 2026.
Why this matters here
Low inventory keeps families in houses they have outgrown, and that quietly holds back every business that depends on people moving: contractors, movers, cleaners, landscapers, furniture and appliance shops. Worth understanding now even though the bill is going nowhere fast.
First reported by postandcourier.com.
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