Survey: 6 in 10 homeowners ‘never plan to move’

Survey: 6 in 10 homeowners ‘never plan to move’


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Survey: 6 in 10 homeowners ‘never plan to move’

NEW YORK  – A Bankrate survey finds that 62 percent of current homeowners “never” plan to move, while the rest anticipate staying in their current home for a median of five years.

The survey says while a clear majority of homeowners (79 percent) do not plan on moving in the next half-decade, 35 percent say they are likely to remodel, upgrade or add to their current home during that time. Over the next five years, the likelihood of making improvements to the current home exceeds the likelihood of moving to a new home across all age and income brackets.

“Americans are essentially staying put in their homes for the foreseeable future, either by choice, or by necessity or some combination,” says Mark Hamrick, Bankrate senior economic analyst. “Because of this, prospective homebuyers are finding a real lack of quality, affordable inventory, which can lead to bidding wars and risky overspending.”

The survey finds that the propensity to own a home increases with age and income level. Sixty-one percent of those ages 18-30 say they do not own their main home; however, older millennials (ages 31-37) are equally as likely to own a home than not (43 percent).

Source: (04/25/18) Tepper, Taylor

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About Empire Appraisal Group, Inc.

Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times.  When working with an appraiser, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience.  Daniel Lindeman, the Chief Appraiser, is considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.

We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.

We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.

In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.

Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298.  Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc.

We provide residential appraisal services to all cities in Broward County:  Parkland, Coral SpringsCoconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors.


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