High-turnover cities have greatest home price growth
LendingTree | January 29, 2019
In cities where the residents move frequently, home price appreciation is the strongest. A new survey by LendingTree revealed a direct correlation between the two as it assessed the average housing tenure in 50 U.S. cities. LendingTree said that on average, homeowners have been in their houses for about seven years, with a high of 7.54 years in Pittsburgh to a low of 6.36 in Las Vegas. While it noted that this difference might not seem like much, it pointed out a clear impact on home price growth in those cities.