[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fcyboqwlcik70":3,"$ffeh0925h8cuz":42,"$fbwk2pqjjqsc7":46},{"item":4,"previous":30,"next":36},{"id":5,"slug":6,"title":7,"description":8,"excerpt":8,"contentType":9,"featuredImage":10,"bannerImage":8,"body":11,"agentsBottomLine":12,"bodyImage":13,"isInfographic":14,"categories":15,"isVideo":14,"videoThumbnail":8,"videoSource":8,"publishedAt":28,"updatedAt":29},769,"how-long-do-most-families-stay-in-their-home","How Long Do Most Families Stay in Their Home?","","blog","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F07154746\u002F20170228-Share-KCM.jpg","\u003Cp style=\"text-align: left;\">The \u003Cem>National Association of Realtors (NAR) \u003C\u002Fem>keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.\u003C\u002Fp>\r\n\u003Ca href=\"\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F20170228-KCM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-56191\" src=\"https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F20170228-KCM-ENG.jpg\" alt=\"How Long Do Most Families Stay in Their Home? | Keeping Current Matters\" width=\"550\" height=\"413\" \u002F>\u003C\u002Fa>\r\n\u003Ch4>\u003Cstrong>Why the dramatic increase?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe reasons for this change are plentiful!\r\n\r\nThe fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.\r\n\r\nWith \u003Ca href=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002F2017\u002F02\u002F15\u002Fthe-great-news-about-rising-prices-for-homeowners\u002F\">home prices rising\u003C\u002Fa> dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, \u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fhomeowner-equity-report.aspx#.WKSZ7PkrJhE\">according\u003C\u002Fa> to \u003Cem>CoreLogic.\u003C\u002Fem>\r\n\r\nWith the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.\r\n\r\nOne other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the \u003Cem>Chief Economist\u003C\u002Fem> of \u003Cem>NAR, \u003C\u002Fem>at the\u003Cem> Realtor’s Summit \u003C\u002Fem>in San Diego, CA\u003Cem>.\u003C\u002Fem> Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!\r\n\u003Ch4>\u003Cstrong>What does this mean for housing?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMany believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.\r\n\r\nThese homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you’re thinking of buying or selling this year, contact a local real estate professional to make sure you get the best advice possible.","The \u003Cem>National Association of Realtors (NAR) \u003C\u002Fem>keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost nine years – an increase of almost 50%.\u003C!--more-->\r\n\u003Ch4>\u003Ca href=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F20170228-STM-ENG.jpg\">\u003Cimg class=\"alignnone wp-image-35065\" src=\"http:\u002F\u002Fwww.simplifyingthemarket.com\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F20170228-STM-ENG.jpg\" alt=\"How Long Do Most Families Stay in Their Home? | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\u003C\u002Fh4>\r\n\u003Ch4>\u003Cstrong>Why the dramatic increase?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nThe reasons for this change are plentiful!\r\n\r\nThe fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.\r\n\r\nWith \u003Ca href=\"\u002F2017\u002F02\u002F15\u002Fthe-great-news-about-rising-prices-for-homeowners\u002F\">home prices rising\u003C\u002Fa> dramatically over the last several years, 93.7% of homes with a mortgage are now in a positive equity situation with 79.1% of them having at least 20% equity, \u003Ca href=\"http:\u002F\u002Fwww.corelogic.com\u002Fabout-us\u002Fresearchtrends\u002Fhomeowner-equity-report.aspx#.WKSZ7PkrJhE\">according\u003C\u002Fa> to \u003Cem>CoreLogic.\u003C\u002Fem>\r\n\r\nWith the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.\r\n\r\nOne other reason for the increase was brought to light during a recent presentation by Lawrence Yun, the \u003Cem>Chief Economist\u003C\u002Fem> of \u003Cem>NAR, \u003C\u002Fem>at the\u003Cem> Realtor’s Summit \u003C\u002Fem>in San Diego, CA\u003Cem>.\u003C\u002Fem> Yun pointed to the fact that historically, young homeowners who were either looking for more space to accommodate their growing family or looking for a better school district were more likely to move more often (every 5 years). The homeownership rate among young families, however, has still not caught up to previous generations resulting in the jump we have seen in median tenure!\r\n\u003Ch4>\u003Cstrong>What does this mean for housing?\u003C\u002Fstrong>\u003C\u002Fh4>\r\nMany believe that a large portion of homeowners are not in a house that is best for their current family circumstances. They could be baby boomers living in an empty, four-bedroom colonial, or a millennial couple planning to start a family that currently lives in a one-bedroom condo.\r\n\r\nThese homeowners are ready to make a move. Since the lack of housing inventory is a major challenge in the current housing market, this could be great news.","https:\u002F\u002Fwww.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F20170228-KCM-ENG.jpg",false,[16,20,24],{"id":17,"name":18,"slug":19},5,"For Buyers","buyers",{"id":21,"name":22,"slug":23},11,"First-Time Buyers","first-time-buyers",{"id":25,"name":26,"slug":27},38,"Move-Up","move-up","2017-02-28T11:30:49Z","2023-01-05T19:39:02Z",{"id":31,"slug":32,"title":33,"featuredImage":34,"publishedAt":35,"contentType":9,"isVideo":14},768,"where-are-the-home-prices-heading-in-the-next-5-years","Where Are the Home Prices Heading in the Next 5 Years?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F16161629\u002F20170227-Share-STM.jpg","2017-02-27T10:00:09Z",{"id":37,"slug":38,"title":39,"featuredImage":40,"publishedAt":41,"contentType":9,"isVideo":14},770,"over-half-of-all-buyers-are-surprised-by-closing-costs","Over Half of All Buyers Are Surprised by Closing Costs","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2017\u002F02\u002F17162627\u002FSTM-Share8.jpg","2017-03-01T10:00:23Z",{"cover":43,"open":44,"shareSpread":45},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Buyers-Guide-Magazine-original.png",[47,51,52,56,60,64,68,69,73,77,78,82,86,90,94,98,102,106,110,114,118,122,126,130,134,138,142,146,150,154],{"id":48,"name":49,"slug":50},1,"Uncategorized","uncategorized",{"id":17,"name":18,"slug":19},{"id":53,"name":54,"slug":55},6,"For Sellers","sellers",{"id":57,"name":58,"slug":59},7,"Foreclosures","foreclosures",{"id":61,"name":62,"slug":63},8,"Infographics","infographics",{"id":65,"name":66,"slug":67},9,"Home Prices","home-prices",{"id":21,"name":22,"slug":23},{"id":70,"name":71,"slug":72},34,"Senior Market","senior-market",{"id":74,"name":75,"slug":76},35,"Mortgage Rates","mortgage-rates",{"id":25,"name":26,"slug":27},{"id":79,"name":80,"slug":81},41,"For Sale by Owner","for-sale-by-owner",{"id":83,"name":84,"slug":85},42,"Featured","featured",{"id":87,"name":88,"slug":89},45,"New Construction","new-construction",{"id":91,"name":92,"slug":93},52,"Luxury \u002F Vacation","luxury--vacation",{"id":95,"name":96,"slug":97},53,"Rent vs. Buy","rent-vs-buy",{"id":99,"name":100,"slug":101},80,"Time-sensitive","time-sensitive",{"id":103,"name":104,"slug":105},81,"Outdated","outdated",{"id":107,"name":108,"slug":109},147,"Internal","internal",{"id":111,"name":112,"slug":113},148,"Do Not Autopost","do-not-autopost",{"id":115,"name":116,"slug":117},320,"Inventory","inventory",{"id":119,"name":120,"slug":121},321,"Agent Value","agent-value",{"id":123,"name":124,"slug":125},322,"Affordability","affordability",{"id":127,"name":128,"slug":129},323,"Buying Tips","buying-tips",{"id":131,"name":132,"slug":133},324,"Downsize","downsize",{"id":135,"name":136,"slug":137},325,"Economy","economy",{"id":139,"name":140,"slug":141},326,"Equity","equity",{"id":143,"name":144,"slug":145},327,"Forecasts","forecasts",{"id":147,"name":148,"slug":149},328,"Selling Tips","selling-tips",{"id":151,"name":152,"slug":153},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":155,"name":156,"slug":157},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]