A recent article published by the National Association of Home Builders (NAHB) shows that, based on a long-run calculation that averages mobility tendencies over a number of years, the typical buyer of a single-family home can be expected to stay in the home approximately 13 years before moving out. For first-time buyers, the expected length of stay in a single- family home is somewhat shorter (about 11 and a half years, compared to 15 years for buyers who have owned a home before). This work updates a 2009 article by NAHB that showed, based on a long-run calculation that averaged the available data over the years 1985 through 2007, the typical buyer could be expected to stay in a single-family home roughly 12 years before moving out. Since then, of course, the economy has gone through a severe recession, with homes and home buyers subject to historically unusual changes and stress, making this a logical time to revisit the data and see if things may have changed. You can read more about the findings by visiting HousingEconomics.com.
Latest Study Shows Average Buyer Expected to Stay in a Home 13 Years
Posted in RE News.