The US home turnover rate in the first half of 2023 has fallen to the lowest in at least a decade as high mortgage rates compel owners to stay put, Redfin Corp. said.
Archive link: https://archive.ph/xbSQN
The US home turnover rate in the first half of 2023 has fallen to the lowest in at least a decade as high mortgage rates compel owners to stay put, Redfin Corp. said.
Archive link: https://archive.ph/xbSQN
1% sounds low but legitimately how many people in 100 are looking for a new house? Like thats still a shit ton of houses. I would say in my immediate friend and acquaintance circle I know about 100 people and in the last year one of them bought a house and another tried but hasn’t succeeded. So that’s anecdotally that’s 2%.