Low fixed mortgages rates turning owners into landlords?

[Aaron J Smith]

I wonder if anyone would have a take on whether homeowners who have locked in sub 5% interest rates on their primary residences are deciding to become landlords rather than sell their homes.  In my area the number of properties on the market continues to be very small and prices remain elevated and I wonder if this could be a contributing factor.  I'm a 25 year banker who is starting a property management company and would love any insights or data anyone would be willing to share.

Thank you.