DAILY REAL ESTATE NEWS | WEDNESDAY, FEBRUARY 25, 2015
One in three U.S. households say they plan to move in the next five years, according to a survey conducted by the Demand Institute of 10,000 households’ current living situations. And it’s the location of the home that will be driving most of those moving decisions — more so than the physical home itself.
Seventy-five percent of the households surveyed cited one or more location-related reasons for why they were moving. The top reasons were the desire for a safer neighborhood (30%); being closer to family (27%); a change of climate (26%); being closer to work (25%), and moving for a new job (23%).
More than half — 59 percent — of households say they don’t plan to go too far, with most indicating a move within 30 miles of their current home.
For those seeking a location for climate reasons, the Western and Southern U.S. continue to be the top destinations. Continue reading