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Las Cruces Real Estate Home Owners Are Staying Much Longer
Dated: November 14 2019
November 14, 2019
I recently ran across an article that stated that, on a national level, home owners are staying in their home about 13 years before they sell. This is much longer than the trend that stayed in a range of 5-7 years for the longest time.
In Las Cruces, one thing that I have noticed that has effected the duration of home ownership, is the market crash in the 2006 – 2007. In my neighborhood, as well as others in which the homes were built in 2005 and 2006, there simply has been no incentive to sell because the market value decreased – drastically – right after purchase. Many home owners opted to stay put or rent out their homes and await better market times.
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Las Cruces Real Estate Professional
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