Where’s Home Sweet Home? Probably Where You Are

Americans stayed put in record low numbers from 2005 until 2010, according to a new Census Bureau study. Only 35.4 percent of people moved during the period, the lowest rate ever recorded by the Census Current Population Survey, and 4.1 percent lower than during the previous five-year period. Older Americans, who generally relocate less often than younger adults, followed the trend. Less than 14 percent of people 65 and older moved – compared with more than 18 percent from 2000 …

What’s Happened to Housing Affordability?

The National Association of Realtors announced earlier this year that its Housing Affordability Index shows 2012 was a record year for housing affordability.  Subsequently, articles appeared in the media with titles such as “Housing Today Is More Affordable Than at Any Time in History” and “2012 a Banner Year for Housing Affordability, Industry Group Says.” In addition, I’ve seen TV reports that continue to note how affordable housing has become. All of these are at odds with study findings presented …

Looking to Downsize? Now May Be the Time.

If you’re looking to downsize or move closer to your grandchildren, now may be the time. More people are buying existing homes and inventory is dropping. So as the spring selling season gets underway, and there are fewer homes to choose from, it’s a good time to put your house on the market. Home sales were up  nearly 1 percent in February but 10 percent over last year, the National Association of Realtors said Thursday. Sales haven’t been that robust since …