The spring season is when we start thinking about making the big move...which is great for both buyers and sellers! Did you know the top reasons Americans moved in 2012 was for family reasons, to improve their housing situation, or for a job? Also, 40% of people who moved stayed within 50 miles of their last home.
If you’re in the real estate market, it’s important to have a good understanding of the who, where, and why of moving trends. Where are your residents coming from, and for what reasons are they most likely to move? By understanding their motivations, you can better position yourself to meet their needs and structure your business to address their concerns when it comes to finding a new home.
Below, you’ll find an infographic by Appfolio illustrating where and why Americans moved in 2012. Here are some notable points to take away:
- 40% of Americans who moved stayed within 50 miles of their last home.
- The top reasons Americans moved in 2012 was for family reasons, to improve their housing situation, or for a job.
- The largest rate increase of out-of-state moves was for 25-29 year olds, which experts believe will encourage the economy.