Oct 23, 2024 - Real Estate
Charted: Cleveland's market movement
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A larger share of homes hit the market this summer in Cleveland perhaps to take advantage of peak pricing.
Why it matters: Those golden handcuffs may be finally coming loose.
The big picture: Only 2.5% of U.S. homes changed hands in the first eight months of 2024 — the lowest turnover rate in 30 years, Redfin analysis shows.
What we're watching: That was before mortgage rates dropped to roughly 6.2%. More homeowners may list, especially if rates fall further.
The big picture: Cost of living is top of mind for voters, making housing a key issue in the presidential election.