Are baby boomers supporting the housing market? How do baby boomers feel about putting money into housing?

Ever wonder why people are moving and how far people are moving? Data from the 2010 US Census shows that more than 4 in 10 people move for reasons related to housing– many are looking for a larger and better home. Another 3 in 10 move for family reasons like divorce, a death in the family or change is family size. The remaining 3 in that group of 10 move for work and other various reasons.

For any move, be it down the block or across the country, families have to figure out how to move their belongings and how much it will cost them. With Americans moving at greater distances than ever (almost 1 in 4 moving 500 miles or more) it is becoming increasingly complicated and costly. Take a look at the infographic below from Trulia for some fun statistics.

According to the KCM Team home prices are expected to be on the rise as much as 5.4% in 2013.  As I have said many times, if you want to buy, you should buy soon as not only prices are on the rise, but interest rates will go up as well. If home prices do rise some 5% in the next year, what does that do to the prices of homes? Take a look at the infographic below from the KCM Blog to see what a home costs now vs. in a year from now.