We all know that sales are down and that means household moving is down. Everyone in the moving-related business knows that, including real estate agents, mortgage brokers, moving companies and the like.

What you may not know is that year before last was the lowest year for moving since the Census Bureau began keeping records in the 1940s. Only 12% of Americans changed housing between 2007-2008. That figure was down 1.3% from the year before. To statisticians, that is a huge number, although it might seem insignificant to the average consumer.

Stats on Americans on the Move

Highest Year for Moving - 21% after World War II in 1950-51

Lowest Year for Moving - 12% 2007-2008; similar stats to 1999-2000 when the dot-com bust occurred

"Normal" Year for Moving - 14%

Reasons Americans aren't moving

People who bought houses or who have refinanced may not be able to sell their homes right now.

People are waiting for homes to increase in equity so they can get the price they want.

People have lost money in investments and are delaying plans to buy a home.

Companies are trimming their relocation packages. This happened to some recent Sellers when their relocation company put the kibosh on the relo package that was making it attractive to move to a new city and job. They opted to stay put.

People are being laid off from their jobs or losing income, delaying moving plans.

Buyers have been waiting for the housing market to hit bottom.

2009 May See an Increase in Households Moving

It will be interesting to see what this year's stats are, but we'll have to wait awhile. Sales are up 16% in our area over last year. With low interest rates, housing prices down over 15% in our area,  and the first-time homebuyer $8000 tax credit, it seems logical that we will see more than 12% of the population moving.

If you are considering a move, we would be happy to help.

Subscribe to my blog - Orange Park Realtor, Fleming Island Realtor

             Need help selling or buying a home on Fleming Island or Orange Park Florida? Call us at 904-673-2308 or email us. We'd love to help. Original Photography, All Rights Reserved.                                     *One Reason Why Your Home Didn't Sell*

 

-------------------------------------------------------------------------------

About the Author: Sharon Alters works with her husband, Frank. They are in the top 5% real estate agents for production in the Jacksonville Florida area, specializing in Military and Corporate Relocation in the Fleming Island, Orange Park, St. Johns, St. Augustine and Beaches areas. Their local knowledge can help Relocating Buyers find the perfect lifestyle, whether it is a Castle on the Ocean, or a Cottage in the Country. 

Call/text 904-673-2308 or sharon@teamalters.com

More information about houses for sale and area news/events

Serving 

           Jacksonville * Fleming Island * Orange Park * St. Johns * St. Augustine * Ponte Vedra

If Original Photography, All Rights Reserved. 

Subscribe to my blog - Orange Park Realtor, Fleming Island Realtor

Connect with us on FacebookFollow us on TwitterVisit Our Profile On ActiveRainLinkedInYou Tube

Google + Fleming Island FL Real EstatePinterest

 

 
Post is included in group: Advice for Sellers
Post is included in group: Club Chaos
Post is included in group: Local Expert
Post is included in group: Posts to Localism
Post is included in group: The Optimist

8 Comments on One Reason Why Your Home Didn't Sell

JUN
14
2009
491,893 Points 36 Featured Posts Outside Blog

Several of the owners sitting on the fence in 07 and 08, decided to just bring lots of money to closing in 09 and get it over with.  The sad thing is that if they had sold in 07 and even 08, they would have been in much better situations.  

Warren Buffett put it best: "You want to be greedy when others are fearful, you want to be fearful when others are greedy."  I guess a lot of people are fearful nowadays...
11:11pm • #1
886,497 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Mirela, that Buffett quote is a classic. Now is a great time to buy real estate. You're so right, some people just couldn't let go until now.

Sharon
11:18pm • #2
JUN
15
2009

Great information.  I'm surprised to see that we're only down 2% from a normal year.
12:46am • #3
226,807 Points 25 Featured Posts

Sharon - Definitely interesting statistics.  I am curious whether the data is available on a more local level.
12:55am • #4
886,497 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Sheridan, I know. It seemed low to me also, but the article I read noted that 1.3% drop is huge to a statistician.

Ryan, it seems that it would - they had to get it from the local level up.
1:04am • #5
121,127 Points 3 Featured Posts Localism Sponsor

It does explain whats going on, or not going on, around town.  Many people have put their life on hold for reasons that you've outlined.  Nice post.
9:28am • #6
886,497 Points 47 Featured Posts Localism Sponsor Attended Rain Camp Called Shot Master

Thanks, Jim. It's a piece of the puzzle.

Sharon
11:05am • #7
JUN
17
2009

Interesting statistics. I used to move every two years, but I've now been in the same location for over seven years! Hmmmmm. Might be time to move -- LOL
1:51am • #8


Captcha

Drag the cloud to the circle on the side.

Image?id=6799d85452fcecd5032c0682c6a8f136dfac10ba Image?id=984b9cc2466e3dd754f0234f9cc986033cfd2879 Image?id=a9f61740220cf8bc4af7a6aef991e42d15f470aa Image?id=c3147b5374148a8b371276ecce6c26a21bf8de13 Image?id=323a1afc48f6a1b3bfb71f895a2436cb27055e7b

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
Leave a response…

(optional)
Captcha

Drag the balloons to the circle on the side.

Image?id=bbf8f7a6c9ddc64558b020ae43b3d4bd45c90dc3 Image?id=787d2d0fa1a76c45a90c052168235fe90454ac28 Image?id=9680cc95e55dc4dccf9f578f57ab747053279724 Image?id=778f8ae72fe9b216d76423f5c6b499221c40341f Image?id=2baf46ca4a69deb1c063cd169e5fc2de7b7f1633

Accessibility option: listen to a question and answer it!

Type below the answer to what you hear. Numbers or words, lowercase:
 
Sharon Alters 904-673-2308 Fleming Island FL Real Estate, Fleming Island, Orange Park, Jacksonville (Coldwell Banker Vanguard Realty) Rainmaker_large

Sharon Alters 904-673-2308 Fleming Island FL Real Estate

Fleming Island, Orange Park, Jacksonville

Fleming Island, FL

More about me…

Coldwell Banker Vanguard Realty

Address: 3168 U S Highway 17 S, Fleming Island, FL, 32003

Office Phone: (904) 673-2308

Cell Phone: (904) 673-2308

Email Me



Listings

Links

Archives

RSS 2.0 Feed for this blog