Survey Reveals Consumer Moving Trends

June 25, 2008 | Filed Under Real Estate Trends and Statistics 

While an estimated 40 million Americans move to a new residence each year, a larger proportion of them are moving from homeownership to renting (19 percent) than from renting to owning (15 percent), according to a new survey by Relocation.com. Only 14 percent of these consumers moved into a newly purchased home from one they had previously owned. Most moves occur due to career (new jobs or promotions) or lifestyle changes (downsizing or retirement), the study finds.

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