Monday, May 6, 2024 | The Latest Buzz for the Appraisal Industry

Homeowner Tenure Highest in California Metros

According to a new report from Redfin, the typical American homeowner in 2021 had spent 13.2 years in their home—down slightly from the peak of 13.5 years in 2020, but up significantly from 10.1 years in 2012. Homeowner tenure fell last year in part because so many Americans moved throughout the pandemic, with record-low mortgage rates motivating …

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