With Election Coming, U.S. Sees Lowest Home Turnover Rate In Decades

With Election Coming, U.S. Sees Lowest Home Turnover Rate In Decades

By KIMBERLEY HAAS Just 2.5% of U.S. homes changed hands in the first eight months of 2024 as elevated mortgage rates, low inventory, and political uncertainty kept people in place. According to a new report from Redfin, this is the lowest turnover rate in decades. In comparison, the turnover rate was 4% in 2021 and…

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