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The US Housing Market is Nearly Non-Existent

TheMotleyFool

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The US Housing Market is Nearly Non-Existent: https://g.foolcdn.com/editorial/images/740353/featured-daily-upside-image.png

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Is it still a seller's market if nobody's selling?

Just 14 of every 1,000 US homes, or a little more than 1%, have changed owners so far in 2023, marking the lowest house turnover rate in at least a decade, according to an analysis of MLS data published Tuesday by real estate firm RedFin. Turnover rates effectively measure housing availability -- meaning prospective home buyers have exceptionally few options.

Source Fool.com

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