There were fresh signs that home prices in much of the country are stabilizing and the housing market is on the mend.
Because baby boomers tend to own in the best locations (they got there first), may not be in a hurry to sell)
Nearly a third (31%) of home sellers are “extremely anxious” about selling their homes in 2020. The percentage of sellers in each age group who feel this way are:
- 37% of millennials
- 35% of Gen Xers
- 20% of baby boomers
Another 46% of sellers are “somewhat anxious” about a home sale this year, while 6% have no anxiety at all.
While 32% of home sellers already have their home listed for sale, more than 6 in 10 sellers (62%) haven’t put their home on the market yet. Another 6% previously listed their home, but have since taken it off the market.
More baby boomers (57%) plan on waiting to put their home on the market, due to the COVID-19 pandemic, than Gen Xers (41%) and millennials (42%).