Home buyers are purchasing for keeps, planning to remain in their homes an average of 13 years before moving out, according to new research by the National Association of Home Builders.
First-time home buyers are expected to stay in a home a shorter amount of time—11 and a half years—compared to about 15 years for home buyers who have owned a home previously.
The length of stay for trade-up buyers has consistently been longer than first-time home buyers. “Since 2001, the spread between first-timers and trade-ups has been at least four years, and as high as seven years at the extreme point of 2009,” according to the study.
Since 2007, home owner mobility has declined, according to the study.
The author of this article is: realtormag.realtor.org
See the original post at: http://realtormag.realtor.org/daily-news/2013/01/07/study-buyers-stay-in-homes-longer
At GayRealEstate.com, we keep you updated with all the gay realtor, lesbian realtor, gay realty, gay real estate and general real estate news affecting the LGBT community coast to coast, and in your neighborhood.
Click here for list of gay realtors, lesbian realtors and gay friendly realtors Nationwide.
If you have a real estate story that you’d like to share with us with the gay and lesbian real estate community, please contact us at: manager@gayrealestate.com