Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin.
Source: Inman News
Fewer than 2% of homes changed hands in 2023, marking 10-year low
Published in Heather Mahmood-Corley, housing turnover, Markets & Economy, Redfin, Select and Taylor Marr
More from Heather Mahmood-CorleyMore posts in Heather Mahmood-Corley »
More from Markets & EconomyMore posts in Markets & Economy »
- ‘He didn’t even say he was sorry’: Brooklyn investor gets prison time for 12-year deed fraud scheme
- How to help senior real estate clients right-size with confidence
- Welcome to the Senior Class: Downsizing with a home equity conversion mortgage
- Why independent brokerages matter more than ever amid real estate consolidation
- What is a 50-year mortgage? The pros and cons of Trump’s proposal
More from RedfinMore posts in Redfin »
- Redfin site fluke exposed past users’ data on listing contact forms
- Stop freaking out about 50-year mortgages. They might save the housing market
- Zillow defends private listing rule, criticizes Compass in new filing
- Homebuyers like ‘high-touch’ loan advisors equipped with tech tools
- Jason Oppenheim: ‘Epic’ real estate + big drama makes new ‘Selling the OC’ season the best yet
More from SelectMore posts in Select »
- Dawn of a new era: Here’s how NAR says it’s changing for its members
- 5 copy-and-paste direct-mail campaigns that will fuel your best year ever in 2026
- HUD shifts homeless policy away from providing permanent housing
- Pulte refers a 4th Democrat, Rep. Eric Swalwell, for mortage fraud
- RateMyAgent and Curated Social merge to form Renowned platform
More from Taylor MarrMore posts in Taylor Marr »
- US rent hits just shy of all-time record high: Report
- Massive metro-to-metro home price gaps reach 13-year highs
- Spring market falls short, but low inventory is driving up competition
- Low inventory prevents prices from falling even further: Report
- Home sales are cooling — but the competition is red hot. What gives?
Be First to Comment