Especially in the Bay Area. But you already knew that. Redfin found that since 2001, the average amount of time homeowners stayed in their current residence more than doubled from 4 to 10 years, creating less opportunity for first-time home buyers. Low rates and improving economic conditions boosted demand in 2015, but also caused homeowners to refinance under historically favorable terms and to invest in improvements rather than move.
Here are some Bay Area highlights of Redfin's findings:
All things real estate.