I did a quick search and apparently it’s around 12 years in 2024 now.
In 2024, the average length of U.S. homeownership is 11.9 years. While this number is nearly double the length of 6.5 years in 2006, home ownership has been on the decline since 2020
Those people tend to rent and not own though.
Sure. But I think the seven year figure is how often people “on average” move, not just how often people sell and buy new homes.
I did a quick search and apparently it’s around 12 years in 2024 now.
https://www.consumeraffairs.com/finance/what-is-the-average-length-of-home-ownership.html
So this is actually only counting people who bought a home and moved out later, not just people moving in general.