US homeowners are now staying put longer
This is creating a drag on the economy and results in fewer commissions for brokers and a brutally competitive market for first-time homebuyers, among others
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New York
FOR much of last year, Greg Rubin was looking to buy a bigger house. He has been in the same two-bedroom home for 17 years and hoped to upgrade to a place with a guest room, a home office and a workshop for his guitars, radio-controlled planes and gardening equipment.
This year, he has a new plan. He stopped looking and embarked on an ambitious renovation project that will begin with a new kitchen and end with a workshop for all the man toys.
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