Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin.
It’s going to require massive amounts of new construction to make an impact. People aren’t leaving rates in the 2s or 3s unless forced to. There’s still the shortage of new homes from COVID, that’s probably never going to be filled.
It’s going to require massive amounts of new construction to make an impact. People aren’t leaving rates in the 2s or 3s unless forced to. There’s still the shortage of new homes from COVID, that’s probably never going to be filled.