Most people sell their homes because their life situation changes. They have children and need a bigger place to live. Or they retire and downsize. Perhaps they take a job in another part of the country. Interestingly, part of the reason the real estate market is so depressed (on average) is that those factors have been minimized. They take a job in another part of the country? Far less likely now. They retire and downsize? Lots of people can't afford to retire. They have children and need a bigger place to live? Birth rates decline in recessions. And people have discovered they can put multiple kids in one bedroom. I interviewed several agents and the average opinion was 7 years.
After understanding these few reasons above we see why more are staying in their homes longer. If you know anybody looking to buy or sell their homes, contact me:
David Demangos
858.232.8410
I go to Extremes to fulfill your Real Estate dreams!
No comments:
Post a Comment