For a multitude of reasons, the majority of homeowners do not plan on moving in the next 10 years. or ever, moving for that matter. As the population ages, that is a common trend. With the lower housing construction numbers, this will put a further dent in the supply of available housing for those looking to buy. With the low number of new housing units being built and a limited supply of resales, continued home appreciation looks likely, in addition to continually rising rents. This is all good news for existing homeowners that don’t plan on moving, but not good for new homebuyers, renters, or those wanting to sell and re-buy. Read more on this study here. We want to continue to keep you informed. We are always available to answer your real estate related questions.
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