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Supply



         Housing Turnover Rate

















































        Long time homeowners are moving at a lower rate than in the past because:

               •  Capital gains hit


               •  Low property taxes


               •  Low rate on current mortgage

               •  Demographics shift


               •  Where can I afford to go?

                                                               Source: Census Bureau, American Community Services,
                                                               Moody’s Analytics, C.A.R
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