Wednesday, August 23, 2006

Home buying study (link)

Americans Buy More Houses Than Their Parents Did
Members of each generation buy more houses in the course of their lifetimes.

Parsippany, N.J./August 21. 2006/PRNewswire/—A new study commissioned by Coldwell Banker Real Estate Corp. has found that Americans earning at least $75,000 are buying more houses than their parents at a comparable age, with each generation outpacing the home purchase trends of the previous generation. According to the Coldwell Banker 2006 Homeownership in America Study, 66 percent of survey respondents aged 61 and up have owned between two and five homes. Already, 66 percent of baby boomers (aged 42 to 60) have owned between two and five homes.

For more (including why people move and what they want): News : Trends : Americans Buying More Houses Than Previous Generations : HGTVPro.com

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