Renters are moving less often than a decade ago: 1 in 6 have lived in their home for 10 years or more

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Renting in place is the new aging in place. 

“Renters are staying put longer,” according to Redfin, which found 16.6% of renters stayed in their homes for 10 years or more in 2022. Similarly, 16.4% lived in their home for five to nine years. A decade earlier, it was roughly 14% for both sets of renters.