The housing market is breaking out of mortgage rate lock as a wave of sellers look poised to list their homes in the coming years, Zillow says

• The housing market could be breaking free from the "rate lock" phenomenon that froze activity in 2023. 
• That's because owners appear less deterred by high mortgage rates when considering whether to sell their homes, Zillow said.
• 21% of owners are considering selling their homes in the next three years, a Zillow survey shows.

The housing market is starting to break free from the chokehold of high mortgage rates, and a wave of potential sellers could bring on more inventory to supply-starved buyers in the coming years, according to Zillow.