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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (141971)	8/20/2008 1:19:54 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

so that's 20% turnover a year, right? And over a 5-year period you have 100% turnover? (if the average homeowner moves every five years, and some homes will sell more than once, while others not at all) So that why is 39 percent of people in their homes more than five years an obviously inaccurate number? (I'm not a statistician, and I don't even play one on TV, nor did I stay in a Holiday Inn last night, so feel free to correct my figures) Again, I'd be happy for you or someone else to provide links to actual sales stats showing the turnover rate, maybe Elroy Jetson has some he can provide from MLS.