Are Older Generations Really Not Selling Their Homes?
studies suggest one of the main reasons for the inventory shortage in is that older generations have chosen to “ today’s market of homes for sale age in place” over moving.
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
! But what sell their current home are they trading in? type of homes
Once again, the report demonstrated that older generations are not keeping that 3-bedroom, 2-bath colonial home. Instead, they are
and moving on with their lives! putting it on the market
If you are living in a house that no longer fits your needs,
to let’s get together that will! help you find a home
Read from source..>>
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