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% is still a hell of a lot of houses - 2020 estimates were ~140 million houses, so thats ~1.4 million that have changed hands in 7 months.