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Since 2003 Art has gained valuable experience selling real estate in the greater Orange County Area (L.A., Orange, San Bernardino & Riverside Counties) Read More

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Are Older Generations Really Not Selling Their Homes?

By Posted in Area News on May 30, 2019

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!

By: Arthur Alderete

Since 2003 Arthur has gained valuable experience selling real estate in the greater Orange County Area (L.A., Orange, San Bernardino & Riverside Counties). Working closely with Asset Managers of REO Properties: Broker Price Opinions, Cash for Keys, Vendor Contacts and Property Preservation. Arthur has been able to help many with his passionate representation: continual pursuit of education and training (making him a Certified Distress Property Expert and REO Specialist) coupled with his desire to go the extra mile for his clients.

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