One in 10 Americans plans to move in 2012

Home Decision 2012: Improving or Moving?

10% of Americans Plan on Making a Move; 70% Sprucing Up Homes this Year

Ten percent of Americans, 23 million people, are planning to move to a new home, condo or apartment in 2012, according to the latest American Express Spending & Saving Tracker. Of those, just over 10 million plan to make a housing purchase. While only a fraction of the population plans to pick up and move, the majority of homeowners, 70%, have some form of home improvement project on the docket this year.

On the Move

Among those who seek new homes, there's a relatively even split between buyers and renters: expected buyers—forty-four percent (44%)—only slightly outnumber those looking to rent, a total of forty-two percent (42%).

For those planning to sell, their open houses may attract guests who only seek inspiration. One in six (17%) have "crashed" an open house with no intent to buy. Most (65%) chalk up the practice to curiosity, but 15% of house crashers see open houses as an opportunity to be inspired and get new design ideas.

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