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.

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  • ryathal
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    1 year ago

    Intrest rates have taken upwards of 100k of buying power from people, it’s not surprising that people aren’t selling houses unless they have to. Keeping rates low for over a decade was always going to cause things like this.