US Home Turnover Rate Hits Lowest Level in 30 Years as Americans Stay Put
Americans Are Frozen in Place The US housing market isn't just slow - it's at a historic standstill. About 28 out of every 1,000 homes changed hands between January and September, according to Redfin. That's the lowest home turnover rate going back to at least the 1990s. The turnover rate is down about 30% from […]
Home Prices Falling in Half of America's Biggest Cities as Market Cracks Spread
The Slowdown Is Here Nearly half of America's biggest cities are watching home prices fall. The S&P Case-Shiller index showed home prices rose just 1.5% in August compared to a year earlier. That's down from July's 1.7% increase and marks the weakest annual growth since 2023. Of the 20 major metros tracked, nine recorded outright […]
Why Housing Market Revival Isn't Coming, Even With Fed Rate Cuts
The "Dark Ages" Continue The US housing market might stay frozen longer than people hope. Economic intelligence firm Pantheon Macroeconomics laid out a sobering case for why the housing market won't revive anytime soon. Senior economist Oliver Allen identified three major headwinds: Stretched affordability - homes are too expensive relative to incomesHigh mortgage rates - […]
The Surprising Reason Home Prices Stay High: Sellers Just Give Up
What's Happening Home sellers are increasingly giving up rather than lowering their prices. Nationwide delistings jumped 52% in September compared to the year before, according to Realtor.com. That's after peaking at nearly 72% growth in August. For every 100 new listings in August, 28 homes were delisted - up from just 16 in August 2024. […]
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