Francis'
Silicon Valley Real Estate corner...
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Posted: 28 Oct 2013 11:13 PM PDT
Most people don't buy or sell a home
very often.
 In fact, a recent National Association of Realtors® study
found the median length of time that people who sold a home in 2012 had owned
that residence was nine years, two years longer than the proverbial
seven-year time frame.
What's more, recent buyers had even
longer time horizons in mind: first-time purchasers expected to own their
newly bought home a median of 10 years. For repeat buyers, the median was 15
years.
Sure, many people move more
frequently, often due to the birth of a child, marriage or divorce, job loss
or relocation, retirement, someone passing away, or other major life event.
Yet there's still no doubt that a move is pretty hard on anyone… and avoided
if possible.
How long have you owned your home in average? Thanks for reading, Francis Silicon Valley real estate specialist Detailed, local trends etc... Current mortgage rates
Francis C. ROLLAND - Since 1985 Realtor. HEC 76. MBA - CRS
Coldwell Banker dir: 650-947-2259
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