Our grandparents (sometimes also, our parents) buy a home, raise a family and live in the same house until they die. We are then left with the decision to keep or sell the old family home. Yes, the “forever” home. The “family home” where so many memories live.
Well, say goodbye to the concept of the “forever” home.
For years now, surveys conducted by the National Association of REALTORs and other research companies show that the average homeowner will move every 7 to 10 years. A recent survey conducted by the Taylor Morrison group revealed that at least 58% of millennials consider the concept of the “forever” home to be dead!
Today’s homeowners move from one home to the next as their lives evolve and change. Better income, new job. A growing family (size and age), schooling, college. Lifestyle changes. Aging considerations. All these factors play a role with today’s mobile homeowner.
Does this mean that we are now a generation where the “family home” no longer holds value in our lives? Absolutely not. It simply means that now we have a greater variety and stock of exciting memories. Afterall, home is where the heart is, right?