A recent Freddie Mac Insight Report sheds light on an unexpected demographic influencing the market: seniors. Yes, you heard that right! Seniors, particularly those born after 1931, are opting to stay in their homes longer, a trend known as "aging in place." This choice is contributing significantly to the current state of the housing market.
### Aging in Place: A Key Factor in Home Availability
Freddie Mac's findings are eye-opening. They've discovered that this aging-in-place trend accounts for about 1.6 million houses not entering the market as expected. That's equivalent to a typical year’s supply of new construction! In simpler terms, more than half of the current shortfall of 2.5 million housing units is due to this trend. Why is this happening? Seniors are choosing to stay put because they're satisfied with their communities, homes, and overall quality of life.
### Chandler's Real Estate Market: A Seller’s Haven
In Chandler and across the nation, we're experiencing a seller's market. The National Association of Realtors reports that the inventory of homes for sale is at a mere 3.5-month supply. A balanced market would need 6-7 months of inventory, a level unseen since August 2012. This shortage is a significant barrier for young adults looking to buy their first homes and for anyone seeking affordable homes or luxury properties in family-friendly neighborhoods.
### A Closer Look at Chandler's Housing Market Trends
What does this mean for you, especially if you're thinking, "I need to sell my home," or "What's my home worth?" As an experienced home seller realtor and real estate listing agent, I see this as an opportunity. Chandler's real estate market is robust, with home values on the rise and a high demand for properties. Whether you're a first-time homebuyer, looking into real estate investment, or a senior considering your next steps, now is a crucial time to assess your options.
### Navigating the Market with a Top Realtor
Just imagine finding your dream home in one of Chandler's best neighborhoods or successfully selling your property with professional home staging and photography services. As a top realtor in Chandler, I specialize in all aspects of real estate, from luxury home sales and real estate market forecasts to home renovation tips and senior living options.
### What's Next for You in Chandler's Real Estate Scene?
Whether you're relocating to Arizona, exploring open houses, or seeking home valuation services, it's essential to have a knowledgeable and trustworthy realtor by your side. If you're wondering, "How to sell a house?" or "What are the best real estate investment opportunities near me?" I'm here to guide you.
### Your Real Estate Journey in Chandler Awaits
I understand that navigating the real estate market can be overwhelming. Whether you're a seasoned investor or a first-time homebuyer, I'm here to offer personalized advice and support. So, how open-minded would you be to exploring your real estate options in Chandler? Let's discuss how we can turn your real estate goals into reality. Get in touch with me, your local Chandler Realtor, and let's start this journey together!
*Remember, in today's dynamic real estate landscape, staying informed and working with a seasoned professional can make all the difference. I'm here to help you navigate Chandler's unique market and find the best fit for your needs, whether you're buying or selling. Let's connect and explore the possibilities together.*