In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday.
Source: Inman News
US housing turnover rate hits 30-year low as lock-in effect lingers
Published in average home prices, COVID-19 pandemic, Elijah de la Campa, housing inventory, housing prices, low housing inventory, Markets & Economy, mortgage rates, News Brief, Redfin, redfin report, rising mortgage rates and Select
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