Homeowners in California’s Big Cities Stay Put Nearly Twice as Long as National Average, Report Finds

Homeowners in California’s Big Cities Stay Put Nearly Twice as Long as National Average, Report Finds

Low property taxes are keeping homeowners in California’s major cities in their houses nearly twice as long as the average U.S. homeowner, real estate company Redfin reported March 12. The typical Los Angeles homeowner stays in his house for 19.4 years before moving, longer than homeowners in any other U.S. city and the longest span on record for the area, Redfin reported. “Long-term homeowners tend to have low monthly payments,” said Gregory Eu…