The US Census Bureau released some statistics in the last week related to the trend of people moving.   Here is what it stated:

1. The residential “mover rate” is the lowest ever since the Bureau started tracking the information in 1948.
2. The number of people who changed residences dropped by 3.5 million from 2008 to 2007.
3. Renters are 5 times more likely to move than a home owner.
4. When looking today to rent or own, the magic number is 5.  If you will stay in a residence you purchase for more than 5 years, it is better to buy versus rent.  However, today it is more like 5 to 8 years.

Let us know if you have questions.

Best regards,

Mark and Kari Shea
San Diego Real Estate Experts
Foreclosure, Short Sale & Investment Specialists,
Development Opportunities & Traditional Real Estate

This entry was posted on Friday, May 1st, 2009 at 11:51 pm and is filed under First Time Buyers, Buying Real Estate in San Diego, Buying a Home, Real Estate News. You can subscribe via RSS 2.0 feed to this post's comments. You can skip to the end and leave a response. Pinging is currently not allowed.