According to a recent Redfin report, only 25 out of every 1,000 U.S. homes changed ownership in the first eight months of 2024, marking the lowest housing turnover rate in 30 years.
ATTOM Data's latest U.S. Home Affordability Report for the third quarter of 2024 reveals that single-family homes and condos across the nation remain less affordable compared to historical averages in 99% of counties with sufficient data.
Based on new data from Redfin, nearly half (48%) of all U.S. listings have lingered on the market for at least 60 days, the highest share for any August since 2019.
This week the Federal Reserve did follow through with its much-anticipated interest rate reduction as expected by many Wall Street analysts.