Just 1% of all US homes changed hands so far this year | CNN Business

Only about 14 out of every 1,000 existing homes moved from one owner to another in the first half of 2023, compared to 19 of every 1,000 during the same period in 2019. That means home buyers have 28% fewer homes to pick from than before the pandemic upended the US housing market. The pre-pandemic turnover rate is fairly typical for the modern housing market, according to Redfin, but a more active market would have a rate closer to 40 or 50 of every 1,000.

“Building more housing is imperative, and federal and local governments can help by reforming zoning and making the building process easier,” he said. “Financial incentives, like reducing transfer taxes for home sellers and subsidizing major moves with tax breaks, would also add to supply.” Smaller homes are the hardest to find The hardest kind of home to find is a smaller home in an urban area. Just 11 of every 1,000 two-and three-bedroom urban homes have changed hands in 2023.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Construction of new homes fell 8% in the US last month | CNN BusinessUS home building cooled in June, dropping 8% from May’s surprising surge, which came as low inventory in the existing home market continued to boost interest in new homes.
منبع: CNN - 🏆 4. / 95 ادامه مطلب »

Meta's Threads app rolls out first big batch of updates | CNN BusinessMeta’s Twitter rival app Threads on Tuesday rolled out its first major batch of updates since its launch two weeks ago as it works to maintain momentum.
منبع: cnni - 🏆 326. / 59 ادامه مطلب »

Why celebrities are striking: The average pay for actors may surprise you | CNN BusinessOn Friday, SAG-AFTRA officially went on strike after failing to reach a deal with Hollywood’s biggest studios. Actors on strike are calling for increased pay and a rethinking of how residuals are paid out when shows are aired on streaming services.
منبع: cnni - 🏆 326. / 59 ادامه مطلب »