When homes have a hold on us

Truuli_Homes have a hold

The process of buying a home is often compared to falling in love, as both experiences involve emotional highs and lows. According to data from the English Housing Survey 2023–2024, homeowners’ length of stay in one place varies significantly based on their mortgage status. Mortgage-free owner-occupiers remain in their homes for an average of 23.8 years, demonstrating long-term stability and attachment to their property. In contrast, owner-occupiers with a mortgage tend to stay for a significantly shorter period, averaging 9.3 years. This difference suggests that financial obligations and loan terms may influence mobility, whereas outright ownership provides greater permanence. The findings highlight the varying degrees of commitment homeowners have to their properties based on financial circumstances.

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