An ATTOM Data Solutions report finds that home-owners in the United States now stay in their properties typically for 8.09 years – longer than at any time.
Home-owners Haven’t Stayed Put for This Long
The second quarter of this year saw the common tenure rise to 8.09 years, a record high – especially when when compared to the years prior to the 2008 recession.
From 2001 to 2007, the average home-owners tenure was 4.21 year – nearly half the time they spend there today. The 8.09 years mark represents a 3% increase from the first quarter as well as a 4% increase from last year. San Francisco, Portland and Tucson boasted the top three numbers for average tenure in the country.
“Potential home-buyers are in a bit of a pickle due to the fact that mortgage rates are dipping to low levels; however, home prices are still hot. This is leading people to stay in their homes longer to try and wait for the market to cool,” says Ted Teta, ATTOM’s chief product officer.
A Few of Our Recent Sales
27121 Brush Creek Way Wesley Chapel FL 33544
20654 AMANDA OAK CT LAND O LAKES FL 34638
8934 TROPICAL PALM WAY, PORT RICHEY, Florida 34668
3 Emerald Bay DR Oldsmar FL 34677
8209 Sanguinelli RD Land O Lakes FL 34637
37542 Neukom AVE Zephryhills FL 33541
Ready to find out the current market value of your home?
Have a questions or concern? Nick, Cindy & Nicholas Davis with RE/MAX Premier Group are here to assist you with all your Real Estate Needs. We are always available at 813-300-7116 to answer your questions or you can simply click here and we will be in touch with you shortly.