Market Movers: Life Changing Events That Move the Housing Market

Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition to your family, retiring, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering buying or selling a house. Through all these life-altering events, there is one common denominator — the need to move.

Reasons People Still Need To Move Today
According to the National Association of Realtors (NAR) there have been a lot of  life changing events over the last two years (see graph below):

And, these big life changes are going to continue to impact people moving forward, even with the current affordability challenges brought on by higher mortgage rates and rising home prices.

Because high mortgage rates, elevated home prices, and stubbornly low inventory make today’s housing market particularly challenging, many of today’s buyers are motivated by life changes, such as growing families, supporting elderly parents or grown children, or accommodating professional needs.

Lean On a Real Estate Professional for Help
Whether you’re beginning your search for a home or preparing to sell your current house, you don’t have to go it alone. A real estate agent is an invaluable partner who can help you smoothly transition through these big moments in your life. Here are just a few examples.

When Buying a Home
If you’re welcoming a new addition and want more space, the need for a new home may be a top priority. While higher home prices and mortgage rates are creating challenges for buyers, you may have to find a way to meet your changing needs, even with today’s mortgage rates.

A skilled real estate agent can help. Our expertise and knowledge of the local housing market can save you a considerable amount of time and stress. An agent will take the time to understand your specific needs, budget, and preferences, allowing us to narrow down your search and present you with suitable options.

When Selling a House
If you’re retiring or going through a separation or divorce, your main focus may be to make the most out of your investment when selling your house, so you can find one that works better for you moving forward.

This is another place where a real estate agent’s expertise truly shines. We can  assess your home’s market value, suggest improvements to enhance its appeal, and craft a strategic marketing plan. Our negotiation skills are a big asset when it comes to making sure you get a fair price for your house, allowing you to move on to the next chapter of your life with confidence and peace of mind.

No matter your situation, lean on a trusted professional for help as you buy or sell a home.

Bottom Line
If recent life changing events have you wanting or needing to move, connect with me today.