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. Below is a full breakdown:
As we can see, they have plenty of reasons to sell their current home! But what type of homes are they trading in?
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!
Affordability Is Returning To The Utah Market
Renting vs. Buying: The Numbers Might Surprise You Renting can feel like the easier choice right now. There’s no big down payment. No dealing with surprise repairs. And no long-term commitment. But then your rent goes up again. And again. And suddenly the thing that...
Understanding Dementia and Your Loved One
Understanding Dementia and Your Loved One Learn about their specific diagnosis (Alzheimer’s, Lewy body, vascular, frontotemporal) so expectations and plans match the condition and stage. Accept that changes in memory, behavior, and personality are caused by brain...
Top 2026 Housing Markets for Buyers and Sellers
Top 2026 Housing Markets for Buyers and Sellers Who doesn’t love a top 10 list? Well, here are two top 10 lists for the housing market this year. But before you take a look, there’s something you should know. If a move is on your radar for 2026, here’s the most...
January Buyers
You may not want to put your moving plans into hibernation mode this winter, because the savings this time of year are real. LendingTree found January buyers paid about $23k less than May buyers for the same size home. And that’s largely because the price per square...
Doug and Camille – Google Review
Marty & Laurie Gale are the Prince & Princess of Patience & Problem Solving when it comes to real estate! Not only did they help find the perfect buyer for our home, they also went the extra mile in getting us the right new home for us that enabled me to...
1 Million Reasons To Buy a Home
Buy or Sell with Marty Gale "Its The Experience" Principal Broker and Owner of Utah Realty™ Licensed Since 1986 CERTIFIED LUXURY HOME MARKETING...
How To Stretch Your Options, Not Your Budget
How To Stretch Your Options, Not Your Budget One of the biggest homebuying advantages you can give yourself today is surprisingly simple: a flexible wish list. Think of it like this. Your wish list and your budget are the guardrails of your search. And when your...
Why Selling Your House This Winter Gives You an Edge
Why Selling Your House This Winter Gives You an Edge Spring gets all the attention, but it’s not always the best time to sell a house. Yes, more buyers show up, but so do a lot of other sellers. Winter is different. With fewer homes on the market, your house has a...
Housing Hot Spots
This May Be the Best Time To Buy a Brand-New Home
This May Be the Best Time To Buy a Brand-New Home New home construction today is giving buyers something it feels like they haven't gotten much lately: a real shot at both the home they want and the deal they need. More brand-new options are on the market right now,...