“The very nature of the pandemic, through the health implications, social distancing, and need to isolate, has really brought a central focus on the importance of home for most Americans. In a sense, it has elevated real estate markets as a centerpiece of our lives.”
“When asked more specifically how the pandemic may have impacted their preference for home size. 21% or about 1 out of every 5 buyers, do want a larger home now as a direct result of the health crisis, while another segment – 12% – would prefer a smaller one instead.”
“In a real estate market that is tipped in the favor of sellers, boomers, and older homeowners are really the ones holding the cards. Those who are selling homes can use the profits to help them buy new ones.”
“Home sellers cited that they sold their homes for a median of $66,000 more than they purchased them. Sellers 22 to 30 years gained the least at $33,400 in equity compared to sellers 66 to 74 years gained $100,000 in equity as they likely had lived in their homes for a longer period of time.”
"Of the nation’s 115 million housing units, only 10% are ready to accommodate older populations.”
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Try these four easy home maintenance tasks that will help keep our eye on the prize.
I get it. Some days all I want to do is sit by the fire and watch movies with homemade popcorn.
According to House Logic, the best time to buy is simply timing.
All three Designated Areas are currently already at capacity, with waitlists for new permits.
Today’s sellers’ market provides unique challenges and benefits for buyers.
Based on the latest Realtors® Confidence Index from the National Association of Realtors® (NAR).
If you’re ready to upgrade to a home that matches your changing needs, let’s connect today.
Trusted for over 20 years, the GRO Real Estate team has decades of experience in fluctuating real estate markets and will arm you with knowledge so you can make the best decisions for you and your family. Let us help you to GRO your wealth through real estate!