Are Older Generations Really Not Selling Their Homes

Dated: May 21 2019

Views: 60

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 NARclarifies 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!

#relocation #boise #boiseidaho #boisehomes #firsttimehomebuyers #homeownership #buildingwealth #blakeonboise #alisonblakegroup

Latest Blog Posts

5 Tips For Making Your Best Offer

5 Tips for Making Your Best OfferIn today’s sellers’ market, standing out as a buyer is critical. Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for

Read More

The Truth About Todays Buyer Demand

The Truth About Today’s Buyer DemandWhen it comes to the latest news in real estate, there are a lot of sensational headlines in the media. In times like this, when it can be hard to know

Read More

Reasons You Should Consider Selling This Fall

Reasons You Should Consider Selling This FallIf you're trying to decide when to sell your house, there may not be a better time to list than right now. The ultimate sellers' market we're

Read More

Understand Your Options To Avoid Foreclosure

Understand Your Options To Avoid ForeclosureEven though experts agree there’s no chance of a large-scale foreclosure crisis, there are a number of homeowners who may be coming face-to

Read More