Metro Miami homeowners are staying in their houses for the longest time in at least 25 years, largely thanks to their low mortgage rates, according to a report from ATTOM, an industry data provider.
Why it matters: That — along with still-high home prices and tight inventory — is keeping the housing market on ice nationwide.
The big picture: South Floridasellers at the end of 2025 had owned their homes for an average of 9.4 years — a record in data going back to early 2000, when the average was 1.6 years.
Zoom out: That far exceeds the national average of 8.6 years, though the trend line over the last 25 years is similar.
What we're hearing: Homeowner tenure has increased steadily in almost every major metro area over the past two decades, according to ATTOM, an industry data provider.
What we're watching: Some golden handcuffs are starting to come loose.
For the first time since 2020, the share of U.S. homeowners with mortgage rates of 6% or higher exceeds those with rates below 3%, a new Realtor.com analysis finds.