Quote:
Originally Posted by CoachKandSportsguy
Others might want to take the appreciation and build another house at a cheaper price as its cheaper to build in a new location or build a better house with the profits. . also there are divorce reasons, medical/death reasons, family reasons. . those three reasons are the big three which a retirement population deals with all the time. . . and cause house turnovers. . . the fourth is house appreciation to add to financial security. .
fifth is downsizing with age . . .
psychological guy
|
All are certainly reasonable reasons to explain the housing turnover, but I suspect the #1 reason the newer homes are reselling in such a short time frame is because real estate speculation investors are flipping for a profit. Smart investors will take the profit and move on, especially with interest rates continuing upward and inflation casting a dark cloud over the economy.