The time that folks keep their house is now at a record level. Before the 2008-2010 recession and housing crash a decade ago, most houses traded an average of every five or six years. But homeowners are increasingly staying put. In the last year, the average homeowner stayed in their property for 10 years — the longest tenure ever recorded by the National Association of Realtors in its annual nationwide survey of homebuyers and sellers. "In 1985, the median tenure was just five years," the Realtors said in the study. "In the last 30 years, sellers have remained in the same home for longer periods of time." And current buyers plan to move even less often. "Overall, buyers expect that they will live in their homes for 15 years," Realtor analysts say. "The expected tenure increases with age, and is also higher among repeat buyers.
- Dallas Morning News, November 3, 2017