news-record.com

The improving economy is changing the mind-set of homebuyers. Instead of moving from one community to another because of recession-related factors, today’s families are more likely to be motivated by the desire to live in a bigger and better home with more amenities.

The shifting trend was revealed in a recent survey conducted by Relocation.com. A similar survey last March indicated that the recession was driving the move of most families who relocated from one community to another.

“The change between the March and recent surveys indicate that consumer attitudes are shifting,” the survey report noted. “With more people taking advantage of favorable real estate deals and falling rents, even as the recession continues to pinch most Americans, they suggest a boost in consumer confidence.

“While finances still factor into the moving decisions, the survey indicates that fewer people were feeling the need to move due to job losses, foreclosures or downsizing to cut costs. The people who looked to improve their living situation were a mix of those buying a home or renting. They wanted to take advantage of lower rents and home prices to move smart.”

The key reason to move, as indicated by survey respondents, was the desire to live in a bigger and better home (26 percent). The next prime motivators was the desire to find a better neighborhood or community, followed by the choice to live closer to family and friends and the need to find a home in an area with a lower cost of living.

Other reasons for moving were a change in marital status, the need for better or special schools, job loss or retirement.

While finances are still important factors, the survey report’s findings indicate that fewer people are feeling the need to move because of job losses, foreclosures or downsizing to cut costs.

To find out more about national real estate columnist Jim Woodard, visit the Creators Syndicate Web site at www.creators.com.