Homeowners are staying put in San Diego

Just 1.6% of San Diego homes changed hands in the first nine months of this year, continuing the very low turnover rate trend of the last three years, according to a Redfin analysis.

Why it matters: Nationally, homes are selling “at historically low rates” as costs stay high, homeowners cling to cheaper mortgages, and economic uncertainty makes shoppers hesitate, per the real estate site…

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