US Home Turnover Hits Decades-Low Amid Housing Slump
TL;DR Summary
The US home turnover rate is at its lowest in nearly 30 years, indicating homeowners are staying put longer due to a sluggish job market, high mortgage rates, and economic uncertainty, which may hinder overall economic growth.
Topics:business#economic-impact#home-turnover-rate#housing-sales#mortgage-rates#real-estate#us-housing-market
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