Many American homeowners are unwilling to sell their properties, with high mortgage rates and expensive houses being two of the key reasons, according to a recent survey by real estate brokerage Redfin.
“More than one-third (34 percent) of U.S. homeowners say they’ll never sell their home, and another 27 percent say they wouldn’t consider selling for at least 10 years,” said the Jan. 7 report from the company. “Roughly one-quarter (24 percent) of homebuyers plan to sell in five to 10 years, while just 8 percent plan to sell in three to five years, and 7 percent within the next three years.”
