More Americans are staying put, leaving fewer homes on the market
Redfin | November 04, 2019
Americans are taking the term “homebodies” to a new level, as the typical American homeowner is now staying in their home for five years longer than they did just nine years ago. A new study from Redfin shows that the typical American homeowner has spent 13 years in their home. In 2010, homeowners stayed put for up to eight years. And that is leading to a decrease in housing inventory, which is also exacerbating a rise in new home prices.