An analysis from real estate brokerage Redfin found that people are staying in their residences five years longer compared to 2010, and for some places it’s even longer. The average homeowner in Dallas is living in their home 13 years longer compared to 2010 and eight years longer in Indianapolis. So, what gives? The reasons behind the increasingly stagnant home-owning population are plentiful, including an aging demographic that’s healthier than ever before. Have you stayed in your home for longer than expected? How come?
Today on AirTalk, we take a look at why people are staying put for a longer period of time and what that means for the housing market. Join the conversation by calling 866-893-5722.