An interesting article was recently published by the NAHB on the decreased geographic mobility in the U.S. over the past 3 decades.

 I was just talking with friends recently about how several of us have experienced the same phenomenon.
With the decline in housing values until recently, slow economic recovery, reduced job mobility, and uncertainty some of us have decided to stay put in our humble abodes rather than move.

I've also notice clients taking more time to consider their options before selling their primary residence to upsize or downsize as the financial and market conditions must be carefully assessed. Your local Realtor is best suited to help with the market analysis of your home and your CPA to discuss the financial impact of selling.

Read More

Aging Boomers to Boost Demand for Apartments, Condos and Townhouses
Source: Wall Street Journal 

Aging baby boomers could reshape the U.S. housing market if many move out of the houses where they raised families in order to move into cozier multifamily units, such as apartments, condominiums and townhouses. This could present a huge shift in the country’s housing demand.
Read the full story