A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.”
Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons:
- Safer Neighborhood – 30%
- Closer to Family – 27%
- Change of Climate – 26%
- Closer to Work – 25%
- For a New Job – 23%
While the majority of Americans (74%) will move within their home state, for the 26% planning to call a new state home, it is important to know that prices in each state are appreciating at different rates and waiting to buy or sell your home could cost you more in the long run.
The map below was created using the FHFA’s latest Home Price Index and shows year-over-year price gains in each state.
If your plan for 2015 includes relocating to a new state, call me to help you find the best fit for you and your family’s needs.
Call me at 908 334 0709 to help you Sell or Buy your Biggest Investment, Your HOME!!
Basking Ridge Real Estate Solutions – Carol Garcia. Representing clients in the purchase and sale of real estate in Bernardsville, Basking Ridge, Peapack/Gladstone, Bedminster, Branchburg, Bridgewater, Far Hills, NJ and surrounding areas.