Younger generation staying closer to home
By Joyce M. Marsh, Joyce Marsh Homes & Design
(Luxury Home Couture)
The National Association of REALTORS®’ 2023 Profile of Home Buyers and Sellers showed that people of all ages have been moving shorter distances. In 2023, sellers moved a median distance of 20 miles to a new home, down from 50 miles the year prior, according to NAR’s survey. Significantly fewer moves in 2023 involved crossing state lines than in 2022. Further, the most commonly cited reason for selling a home in 2023 was the desire to move closer to family and friends (23%), the NAR survey shows.New Families Prioritize Family TiesAs young adults start families of their own, they may want to live close to their parents for extra help. Nearly three-fourths of young parents with children under the age of 18 cite help with child care as an important reason to live near family, according to ...
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