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.

Are Older Generations Really Not Selling Their Homes? by Jason Richardson | May 21, 2019 | Baby Boomers , Demographics , For Buyers , For Sellers , housing market updates , Senior Market 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.

Millennials may be the most hated generation ever. Why? Well, the reason that older generations (gen X and Baby Boomers) despise their millennial colleagues in the workplace is probably not what.

"According to BuildZoom, new home sales within 5 miles of the centers of the 10 most densely cities have exceeded 2000 levels but if you go another 10 miles out, sales are about 50% below 2000.

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Roughly half of millennials and Generation Z expect to be financially reliant on their. old today to one 30 years ago,”.

They sold their first home and were forced to change jobs to be able to help care for their infant son, who was diagnosed.

"It’s not only money in pockets; it’s facilities, it’s gear, it’s really. see a smile on their face, that’s life-changing,

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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!

 · Households run by those under age 35 carry the most education debt-a function of their age as well as recent surges in education expenses and financing, something that older generations were less likely to face. The average millennial household owes $14,800 in student loans.

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