Homeowners are holding on to homes longer, especially in coastal states
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Homeowners are holding on to their homes for a longer period, with this trend being particularly notable in coastal states. The duration of homeownership has reportedly reached a record length, although the specific factors contributing to this trend are not entirely clear. Various regions, including areas outside of coastal states, are also experiencing changes in home sales and inventory, with some areas seeing rising home prices and decreased sales.
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