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. 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!

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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

More baby boomers stay in their homes as they reach retirement, skipping. ” We're just not seeing that much downsizing,” says Alexandra Lee, Older people are staying in the workforce because they're healthier and will. may seriously consider selling his 3,300-square-foot house but not until he's 80.

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The two generations also have different tastes in homes.. These houses end up sitting on the market and selling at massive price cuts.. But boomers and millennials also want very different types of houses, and it's creating a. and sleek, discreet appliances, elements not always found in older homes.

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The survey polled more than 3,000 U.S. adults and teens ages 15 and older. from their parent’s home by 20, and buy a home by 27, but Americans are buying their first homes at 32, on average. The.

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