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US: Owners stay home during housing depression

Posted on 08 November 2010

From Upi.com: Homeowners are staying put as long as they possibly can and house flipping is almost nonexistent today as consumers weather the longest housing depression in modern times. The percentage of homeowners who sold after owning only one year or less has fallen 50 percent since the height of the housing boom.
Only a third as many home sellers who sold last year had owned their homes for three years or less, according to the latest annual Home Buyers and Sellers Profile released by the National Association of Realtors at its annual meeting in New Orleans last week……………………………………….Full Article: Source


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