Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real Estate MarketRising interest rates combined with low inventory and rising home prices may get some Las Vegas 1st Time Home
Study Says Americans Like To Live Near Mom
Moms may have a big place in real estate decisions.
The average American lives only 18 miles away from their mother, according to the 2008 Health and Retirement Study. What’s more, the trend is likely to continue as baby boomers age and require more care from their adult children and two-income families require more help with child care, suggests a new report by New York Times staffers Quoctrung Bui and Claire Cain Miller.
“Over the last few decades, Americans have become less mobile, and most adults – especially those with less education or lower incomes – do not venture far from their hometowns,” according to The New York Times article.
America is filled with close-knit families, the data shows. Only 20 percent of Americans live more than a couple of hours from their parents.Families live closest in the Northeast and the South, and the farthest apart on the West Coast and in the Mountain States, the study found. Also, married people tend to live farther from their parents than singles. And, women are slightly more likely than men to leave their hometowns, the study finds.
"There is no substitute for experience!" Growing up on Long Island, N.Y., Bart learned many things from his mom, who was a real estate attorney. He worked as a buyer in retail sportswear in New York u....
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