Tag Archives: rising mortgage rates

US housing turnover rate hits 30-year low as lock-in effect lingers

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In the first eight months of 2024, only 25 out of every 1,000 U.S. homes changed ownership, marking the lowest housing turnover rate since 1994, according to an analysis by Redfin released Monday. Continue reading →

What other cities can learn from LA’s rocky ‘mansion tax’ rollout

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LA’s new tax on high-priced property sales has been a drag on the real estate industry while raising far less revenue than the city expected, an Intel analysis suggests. Continue reading →