Life-Changing Events That Move the Housing Market

<article class="post-848613 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-848613"><span class="entry-date">November 13, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Life-Changing Events That Move the Housing Market</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Life-Changing+Events+That+Move+the+Housing+Market&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Flife-changing-events-that-move-the-housing-market%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Life-Changing Events That Move the Housing Market Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20231113-Life-Changing-Events-That-Move-the-Housing-Market.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>Life is a journey filled with unexpected twists and turns, like the excitement of welcoming a new addition, retiring and starting a new adventure, or the bittersweet feeling of an empty nest. If something like this is changing in your own life, you may be considering <a href="https://www.simplifyingthemarket.com/2023/11/03/the-benefits-of-buying-a-multi-generational-home-infographic/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">buying</a> or <a href="https://www.simplifyingthemarket.com/2023/11/06/reasons-to-sell-your-house-before-the-new-year/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling</a> a house. That’s because through all these life-altering events, there is one common thread—the <a href="https://www.simplifyingthemarket.com/2023/10/18/what-are-the-real-reasons-you-want-to-move-right-now/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">need to move</a>.</p>
<h4><strong>Reasons People Still Need To Move Today</strong></h4>
<p><a href="https://www.realtormagdigital.com/realtor/library/item/fall_2023/4139952/" rel="noopener noreferrer" target="_blank">According</a> to the <em>National Association of Realtors</em> (NAR) there have been a lot of this type of milestone or life change over the last two years (<em>see graph below</em>):</p>
<p><strong> </strong><a href="https://www.simplifyingthemarket.com/content/images/20231108/20231113-Life-Changing-Events-That-Took-Place-Over-the-Last-2-Years.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20231108/20231113-Life-Changing-Events-That-Took-Place-Over-the-Last-2-Years.png"/></a></p>
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<p>And, these big life changes are going to continue to impact people moving forward, even with the current affordability challenges brought on by higher <a href="https://www.simplifyingthemarket.com/2023/10/16/are-higher-mortgage-rates-here-to-stay/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">mortgage rates</a> and rising <a href="https://www.simplifyingthemarket.com/2023/10/23/why-home-prices-keep-going-up/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">home prices</a>.</p>
<p>As Claire Trapasso, Executive News Editor at <em>Realtor.com</em>, <a href="https://www.prnewswire.com/news-releases/realtorcom-october-housing-report-home-prices-stable-amid-inventory-drought-and-rising-rates-301975362.html" rel="noopener noreferrer" target="_blank">says</a>:</p>
<blockquote><p><em>“Because high mortgage rates, elevated home prices, and stubbornly low inventory make today’s housing market particularly challenging, </em><strong><em>many of today’s buyers are motivated by life changes, such as growing families, supporting elderly parents or grown children, or accommodating professional needs</em></strong><em>. . .”</em></p></blockquote>
<h4><strong style="color: black;">Lean On a Real Estate Professional for Help</strong></h4>
<p>Whether you’re beginning <a href="https://www.simplifyingthemarket.com/2023/10/26/affordable-homeownership-strategies-for-gen-z/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">your search</a> for a home or preparing to sell your current house, you don’t have to go it alone. With their expertise, a <a href="https://www.simplifyingthemarket.com/2023/10/30/a-real-estate-agent-helps-take-the-fear-out-of-the-market/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">real estate agent</a> is an invaluable partner who can help you smoothly transition through these big moments in your life. Here are just a few examples.</p>
<h4><strong>When Buying a Home</strong></h4>
<p>If you’re welcoming a new addition and want more space, the need for a <a href="https://www.simplifyingthemarket.com/2023/10/25/invest-in-yourself-by-owning-a-home/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">new home</a> may be a top priority. While higher <a href="https://www.simplifyingthemarket.com/2023/11/02/dont-believe-everything-you-read-about-home-prices/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">home prices</a> 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.</p>
<p>A skilled real estate agent can help. Their 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 them to narrow down your search and present you with suitable options.</p>
<h4><strong>When Selling a House</strong></h4>
<p>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 <a href="https://www.simplifyingthemarket.com/2023/10/24/the-perks-of-selling-your-house-when-inventory-is-low/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">selling your house</a>, so you can find one that works better for you moving forward.</p>
<p>This is another place where a real estate agent’s expertise truly shines. They can accurately assess your home’s market value, suggest improvements to enhance its appeal, and craft a strategic marketing plan. Their 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.</p>
<p><strong>No matter your situation, lean on a trusted professional for help as you buy or sell a home.</strong></p>
<h3>Bottom Line</h3>
<p>If recent life-changing events have you wanting or needing to move, connect with a local real estate agent.</p>
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