Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at an … [Read more...] about How Buyers Can Win By Downsizing in 2020
Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have a multigenerational household. Why Are Many … [Read more...] about 5 Reasons to Consider Living in a Multigenerational Home
Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because, “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the senior citizens who mean so much to our … [Read more...] about Seniors Are on the Move in the Real Estate Market
As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a multigenerational … [Read more...] about Multigenerational Homes Are on the Rise
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 … [Read more...] about Are Older Generations Really Not Selling Their Homes?