Move-up home

A move-up home is a real estate term used to describe a larger and/or more expensive home that a person moves into from a smaller home.[1]

It is implied that as repeat buyers, the customer is more familiar with the real estate process than a first time buyer.[1]

In 2012, CNBC highlighted the challenges facing move-up home buyers when they owed more on their current homes than they were worth.[2]

Move-up home purchases increase when interest rates are low.[3]

See also

References
  1. "Six tips for move-up buyers". Washington Post. June 18, 2019. Retrieved June 25, 2021.
  2. "Where Are the Move-Up Home Buyers?". CNBC. August 1, 2012. Retrieved June 25, 2021.
  3. "Severe Winter Hurts Sales of Existing Homes". NY Times. January 28, 1997. Retrieved June 25, 2021.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.