A research study released by FNC, reveals that only about one-fourth of home sales were held 5 years or less, compared to a decade ago where they made up half of existing home sales.
A 10-year comparison of ownership duration on existing-home sales reveals a significant decline in the turnovers of homes held for short periods, Calculated Risk Blog reports. Median ownership duration currently stands at eight years, twice the number of years from the pre-2009 periods.
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