“Nearly half of Americans selling their homes don’t plan to buy another: Here’s what they’re doing instead”
August 2, 2021
“The housing market is red-hot and showing few signs of slowing down. Home prices were at a median $386,888 in June, according to Redfin, up 24% since last June. And demand is high: The average house lasted just 14 days on the market, a whopping 25 fewer than last year. While that seems like welcome news to sellers looking to cash in, 45% of people told Rent.com that even after a home sale, they don’t plan to buy another house right away…
About 27% of recent sellers who aren’t rebuying told Rent.com their top reason for not doing so was the price of homes. Another 5% said they aren’t interested in getting into a bidding war… A moderate share of recent sellers (13%) told Rent.com they aren’t rebuying because they plan to move in with someone else, usually a significant other. That’s not a surprise, since “turbo relationships” have heated up of late, social scientists say…”
https://grow.acorns.com/nearly-half-of-americans-selling-their-homes-dont-plan-to-buy-another/