#20 - New Report Illustrates Just How STUCK The Housing M...

What this episode covers

Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing market has stalled in 2024 as Americans faced a toxic combination of record-high home prices and elevated mortgage rates, creating one of the most unaffordable housing markets in a generation. A rate cut by the Federal Reserve this month has fueled hopes that the interest rate-sensitive housing market will soon experience a fresh jolt.

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Frequently Asked Questions

How long is this episode of Seattle Real Estate Podcast?

This episode is 16 minutes long.

When was this Seattle Real Estate Podcast episode published?

This episode was published on October 1, 2024.

What is this episode about?

Just 2.5% of homes in the US changed hands this year in the first eight months, the lowest turnover rate in at least 30 years, according an analysis by Redfin. The latest data from the real estate brokerage underscores just how much the housing...

Can I download this Seattle Real Estate Podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.