Moving up is #1 Reason for Selling in 2013

Q: Why did you sell your home?

Other

Jos loss

Home worth more now

Affordability issues

Home not worth what we owe

Moved to a less expensive market

Changed jobs/relocation

Desired larger home

Could get maximum price/ value for our home

Interest rate are not going to get any better

Time/Price was right to move up

0% 5% 10% 15% 20% 25%

8.0%2.0%

4.0%

5.0%7.0%

8.0%8.0%

9.0%

13.0%14.0%

23.0%

*Financial difficulties include: couldn’t afford mortgage, moved to less expensive market, loss of household income, income not keeping up with expenses, monthly payment went up, new job paid less, needed to move to less expensive residence.