Moving may help homeowners see higher profits from the sale of their property, suggests a new study that links homeowners’ tenure in their homes to price appreciation. Cities where residents live in their homes for the shortest amount of time tend to see more than double the appreciation experienced by homeowners who stay put the longest, a new study from LendingTree finds.
The study from LendingTree ranks cities by how long homeowners have lived in their homes. On average, homeowners stay in their homes for about 7 years.
Among the top 10 cities on the list, which had an average tenure of 7.46 years, homes appreciated over three years by an average of 12 percent, the study finds….