U.S. homebuyers are approaching the spring selling season with uncommon caution, as elevated borrowing costs and shifting macro conditions disrupt what is typically the housing market's most active period.
According to new data from Redfin, the median U.S. homeowner now stays in the same house for 12 years, the longest stretch since 2022. That represents a modest rebound from 11.8 years in 2024, as elevated mortgage rates and persistently high home prices continue to suppress turnover.
Nearly half of Americans are grappling with the monthly burden of rent or mortgage payments, a stark indicator of the persistent affordability crisis plaguing the U.S. housing market, according to a fresh survey released by real-estate brokerage Redfin.
A growing divide is emerging in the U.S. housing market between Americans living alone and those sharing expenses with a spouse or partner, underscoring how the affordability crisis is reshaping household economics across the country.
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