One in three households say they plan to move in the next five years, according to a survey conducted by the Demand Institute of 10,000 households’ current living situations. It’s the location of the home that will be driving most of those moving decisions — more so than the physical home itself.
The top reasons to move include:
- Desire for a safer neighborhood
- Being closer to family
- A change of climate
- Being closer to work
- Moving for a new job
More than half (59 percent) of households say they plan to move within 30 miles of their current home.
For those seeking a different location based on climate, the Western and Southern U.S. continue to be the top destinations.
The top location features include:
- Amenities/services in walking distance
- Good school district
- Close to work
- Diverse neighborhood
- Near public transit
Many are looking for walkable communities. There is an upturn in home price growth in walkable communities compared to less walkable communities, according to the Demand Institute’s report. Those who reside in walkable communities also are more likely to report that their quality of life has improved in the past few years due to their change in residence.
As such, Americans are desiring more amenities near them. The following places were identified as what home buyers would most like to have near their future home:
- Grocery stores
- Restaurants and cafes
- Parks and green space
- Healthcare services
According to Jeff Speck, author of Walkable City, Downtown Raleigh has the bone structure to being a great walkable city. In 2014, 36 street level businesses opened their doors which are 95 percent locally-owned. Downtown Raleigh’s green spaces are being upgraded and new ones will be added in the coming years.
Lisa Southern Real Estate, located at 15 E. Martin St, Raleigh, NC 27601, was founded in 2005. If you are looking to move to Raleigh, NC or the surrounding area, call us today at 919-800-0800 or start your home search by visiting our website! If you are interested in see how much your Raleigh, NC home is worth in today’s real estate market, please fill out this form today!