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    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!

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    Under normal circumstances, I am confident that Amna Hasan and The DeGrood Team would be great, because when we bought our very first home during the pandemic, they were phenomenal! Amna was always available to answer any questions we had and everyone we worked with on the team followed up promptly despite the crazy state of affairs. Amna was knowledgeable when it came to how to present our offer and how to handle the inspection objections. She was there with us every step of the way during the …
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