Homeowners staying in their homes an average of 12 years, study says.
The typical U.S. homeowner now stays in their home for about 12 years, according to a new Redfin report, nearly double the 6.5-year average seen in 2005. Longer tenure is largely driven by aging homeowners and low mortgage rates locked in during previous years, making many reluctant to sell and take on higher housing costs. … Continued