Study shows buyers staying in homes longer

Jan 8, 2013, 8:35 AM | Updated: Mar 4, 2016, 5:53 am

Homebuyers are 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.

As expected, first-time homebuyers are expected to stay in a home a shorter amount of time-11 and a half years-compared to about 15 years for homebuyers who have owned a home previously.

Low interest rates and slow-climbing appreciation the past few years are influential factors.

The length of stay for trade-up buyers has consistently been longer than first-time homebuyers,” the study noted. “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.”

Since 2007, homeowner mobility has declined, according to the study.

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Study shows buyers staying in homes longer