About 4.2 million retirees moved to a new home in 2014 (source: Merrill Lynch and Age Wave report). When surveyed, 64% of retirees expect to move at least once during retirement.
Economic data released last week indicates U.S. growth can be sustained. Although business investment dipped in August, the number of Americans filing for unemployment benefits fell a bit as well.
The shortage of available homes for sale, in part, is attributed to a significant slowdown in new home construction across the country.
Buyer demand is beginning to moderate along seasonal trends across the country. Homes are staying on the market a bit longer.