Want to visit some Open Houses this weekend but to tired to get out? Take a look at these immersive 3D tours from the comfort of your home, it's the next best thing to being there yourself

Dated: November 2 2016
Views: 552
![]() The National Association of Realtors (NAR) keeps historic data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years - an increase of almost 50%. Why the dramatic increase?The reasons for this change are plentiful. The top two reasons are:
However, with home prices rising dramatically over the last several years, over 90% of homes with a mortgage are now in a positive equity situation with 70% of them having at least 20% equity. And, with the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago. What does this mean for housing?Many believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo. These homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news. Give me a call if you're looking to buy or sell a home in Citrus County, FL. John Maisel, Broker/Owner - Active Agent Realty, LLC - 352-302-5351 |
Want to visit some Open Houses this weekend but to tired to get out? Take a look at these immersive 3D tours from the comfort of your home, it's the next best thing to being there yourself
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