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International Business Times
International Business Times
Business
Luke Funk

Renters Are Staying Put Longer As Prices Rise, Inventory Shrinks

United States Housing Market
A mover places the belongings of a customer unto a moving truck in New York City. (Credit: Michael M. Santiago/Getty Images)

A growing trend in the United States housing market is renters staying put longer.

A Bank of America Institute survey found the number of people moving is still nearly 40% lower than it was four years ago. It was down 1.6% year-over-year in December alone.

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