Are Older Generations Really Not Selling Their Homes?
Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving.
The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point!
NAR’s findings show that Baby Boomers (43%) and the Silent Generation (12%) made up 56% of sellers in 2018! This means the majority of sellers last year were over the age of 54. This also shows these generations ARE moving!
The report also shared the reasons why they chose to move. According to the research, the top reason was a desire to be closer to friends and family. Below is a full breakdown:
As we can see, they have plenty of reasons to sell their current home! But what type of homes are they trading in?
Once again, the report demonstrated that older generations are not keeping that 3-bedroom, 2-bath colonial home. Instead, they are putting it on the market and moving on with their lives!
Bottom Line
If you are living in a house that no longer fits your needs, let’s get together to help you find a home that will!
To view original article, visit Keeping Current Matters.
Planning To Sell Your House in 2025? Start Prepping Now
By starting your prep work early, you’ll give yourself plenty of time to get your house market-ready by the end of the year.
What To Expect from Mortgage Rates and Home Prices in 2025
With home prices projected to rise at a more moderate pace, 2025 is shaping up to be a more promising year for both buyers and sellers.
Why Did More People Decide To Sell Their Homes Recently?
As rates came down at the end of the summer, more people jumped into the market and decided to make their move.
Why an Agent Is Essential When Buying a Newly Built Home
By working with a knowledgeable real estate agent, you can feel confident when buying a newly built home today.
Why Now’s Not the Time To Take Your House Off the Market
By keeping your home on the market, you increase the chances of attracting people who are truly ready to make a purchase.
Now’s the Time to Upgrade to Your Dream Home
A recent survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home.