Are Older Generations Really Not Selling Their Homes

Dated: 05/23/2019

Views: 28

Are Older Generations Really Not Selling Their Homes?

Are Older Generations Really Not Selling their Homes? | MyKCM

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:

Are Older Generations Really Not Selling their Homes? | MyKCM

As we can see, they have plenty of reasons to sell their current home! But what type of homes are they trading in?Are Older Generations Really Not Selling their Homes? | MyKCM

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!

Blog author image

Matthew Hoagland

My name is Matthew Hoagland, Team Leader of The Hoagland Real Estate Group of RE/MAX Premier Properties. I would like to thank you for considering our services in your search for a new home, listing y....

Latest Blog Posts

The Benefits Of Growing Equity In Your Home

The Benefits of Growing Equity in Your HomeOver the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a;

Read More

Aug 15 2019 65462 1

5 Real Estate Reality TV Myths ExplainedHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire

Read More

Appreciation Is Strong It Might Be Time To Sell

Appreciation Is Strong: It Might Be Time to SellThere’s no doubt that today’s housing market is changing, and everything we see right now indicates it is time to sell. Here’s a look at why

Read More

How Much Do You Know About Down Payments

How Much Do You Know About Down Payments?Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around

Read More