How Long Do Most Families Stay in Their Home?

    How Long Do Most Families Stay in Their Home? | MyKCM

    The fall in home prices during the housing crisis left many homeowners in a negative equity situation (where their home was worth less than the mortgage on the property). Also, the uncertainty of the economy made some homeowners much more fiscally conservative about making a move.

    With home prices rising dramatically over the last several years, 93.9% of homes with a mortgage are now in a positive equity situation with 78.8% of them having at least 20% equity, according to CoreLogic.

    With the economy coming back and wages starting to increase, many homeowners are in a much better financial situation than they were just a few short years ago.

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