Wednesday
July 30, 2014

Study: Buyers Stay in Homes Longer

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Study: Buyers Stay in Homes Longer

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. 

Source: National Association of Home Builders

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