Oct 25, 2024 - Real Estate
More homes hitting Northwest Arkansas market
Add Axios as your preferred source to
see more of our stories on Google.
After almost a year and a half of everyone staying put, housing listings in NWA were up during the first half of 2024.
Why it matters: Those golden handcuffs may be 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%. Homeowners may list, especially if rates fall closer to 5%, experts predict.