Are Older Generations Really Not Selling Their Homes?

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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!

Wallpaper Fun

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Clever Uses for Wallpaper

Wallpaper comes in an endless array of marvelous designs but why limit this DIY friendly material to flat walls? Etsy is seeing a huge rise in interest for “peel stick wallpaper,” which people can use on furniture, stairs, and even backsplashes. In fact, searches on Etsy for removable wallpaper have gone up a whopping 385 percent in the last three months.

Courtesy of Apartment Therapy.