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. They also have plenty of reasons to sell their current home! But what type of homes are they trading in? 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!

    If you are living in a house that no longer fits your needs, contact our team and we’ll help you find a home that will!

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    Ann Rudd

    Ann is a 3rd generation real estate professional in her family and has inactive licenses in Maryland and Pennsylvania and is actively licensed in North and South Carolina. Seeing other members of her family help others achieve their home ownership dreams inspired her to become a real estate agent. Helping families is what her job is all about. Whether they are buying a larger home, downsizing, transitioning to a new town or neighborhood, Ann's mission is to make those transitions as smooth as possible.

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