Forget Staying Put: Nearly Half Of Homeowners Plan To Move This Decade

Brenda RichardsonSenior Contributor Real Estate

I cover residential real estate, including buying, selling, and trends.

LendingTree, the country’s largest online lending marketplace, commissioned a survey of more than 1,500 Americans to better understand their sentiments around relocating. The study revealed a significant contrast between Millennials and other generations regarding lifestyle preferences and aspirations for homeownership. Forty-five percent of homeowners have plans to move to a different home within the next decade, while some Millennials question whether homeownership is the best fit.

A major share of homeowners have a new home purchase in mind in the coming years, but some homeowners plan to go back to the days of having a landlord and fewer residential responsibilities. 

The top five reasons current homeowners would buy a new house in the next 10 years are retiring to a new area (16%), moving to a larger home (14%), downsizing as empty nesters (12%), upgrading from a starter home (10%) and job relocation (10%).  

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