“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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