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U.S. Home Turnover Hits 30-Year Low Amid Housing Struggles

11/2/2025

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Summary

Story summary

The U.S. home turnover rate fell to 28 per 1,000 homes from January to September 2025, the lowest in nearly 30 years.
The rate is about 30% below the 2012–2022 average, as homeowners stay put amid limited job opportunities and high mortgage rates.
The housing market has been sluggish since 2022 due to rising mortgage rates.
Affordability remains a challenge, with median home prices up 53% over the past six years.

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Story summary

The U.S. home turnover rate fell to 28 per 1,000 homes from January to September 2025, the lowest in nearly 30 years.
The rate is about 30% below the 2012–2022 average, as homeowners stay put amid limited job opportunities and high mortgage rates.
The housing market has been sluggish since 2022 due to rising mortgage rates.
Affordability remains a challenge, with median home prices up 53% over the past six years.