3 ms·
Maybe a biased source but California homeowners tend to be in the middle when you rank areas by the length of homeownership, median length being 13 years https:
by lxm 3y ago
Maybe a biased source but California homeowners tend to be in the middle when you rank areas by the length of homeownership, median length being 13 years https://www.nar.realtor/blogs/economists-outlook/how-long-do-homeowners-stay-in-their-homes https://www.nar.realtor/blogs/economists-outlook/how-long-do...
Any sale would reset the assessed value of the property.
- anonporridge 3y agoThis is a case where average might be more useful the median. If the richest real estate owners (top 1% own 13% of all US real estate) have a longer average ownership period, then that will have a disproportionate effect on the local market, because they own so much of it.