Only 1% of US Homes Have Changed Hands So Far This Year, Redfin Says
Only 1% of US Homes Have Changed Hands So Far This Year, Redfin Says
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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I'm not surprised at all. Even if I WANTED to move, we wouldn't be able to afford to buy our house back on the open market. We got lucky, and now we're stuck.
Building or buying up in this market feels like a dream, so we're slowly improving the house we have to fit our needs.
Yup I'm still stuck in the cycle of endlessly throwing away money to my landlord. Saving up for a house and then making payments on something so expensive at such a high interest rate is still a dream for me. Granted, I'm a sucker for avocado toast so at least I know why it's that way
we got lucky and now we're stuck.
Same. Hoping I don't get caught up in the tech layoffs and firings.