For many people, making money moves is a good call, according to Realtor.com® senior economist Ralph McLaughlin. 'The double bonus of a cash subsidy combined with lower home prices could be quite attractive to households...'
Not only would cash compensation help such households get their foot in the door of the housing market, many of the places offering such incentives also happen to have relatively low home prices.
Barb Egenhofer from the Greater Rochester Chamber of Commerce mentions that over 170 people have taken advantage of the program. 'We have found many of our movers come for the freshwater access, change in seasons, vibrant community offerings, great place to raise a family...'
Jacksonville, IL offers a compensation package worth $9,300, including $5,000 in cash paid in full after living there for 12 months, through the program 'Make My Move'.
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