Close Menu
  • Home
  • commercial real estate
  • residential real estate
  • income tax
Commercial Real Estate

What a 50th high school reunion teaches us about real estate – Daily News

October 11, 2025

Billionaire Caruso says he no longer builds in LA due to prices – Daily News

October 10, 2025

What happens to your building when you sell your company? – Daily News

October 4, 2025
Residential Real Estate

Patience Won’t Sell Your Bay Area Home. Pricing Will.

September 16, 2025

Buyers Finally Have Time Again

August 21, 2025

Why Homeownership Is Going To Be Worth It

June 23, 2025
Income tax

Canada Budget 2025: Expensing Tax Reform Options

October 3, 2025

Employer-Sponsored Health Insurance Premiums: ACA Tax Credits

October 2, 2025

Retirement Savings & Investment Tax Treatment in the OECD & EU

October 1, 2025
Facebook X (Twitter) Instagram
  • Home
  • commercial real estate
  • residential real estate
  • income tax
Visit Our Main Site
MichaelJosh Realty Blog
Facebook X (Twitter) Instagram
Saturday, October 11
  • Home
  • commercial real estate
  • residential real estate
  • income tax
MichaelJosh Realty Blog
Home»residential real estate»Retiring Soon? Why Moving Might Be the Perfect Next Step
residential real estate

Retiring Soon? Why Moving Might Be the Perfect Next Step

Savannah RollinsBy Savannah RollinsNovember 16, 2024No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link


If you’re thinking about retirement or have already retired this year, it’s a good time to consider if your current house is still a good fit for the next chapter in your life.

Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about as you decide whether or not to sell and make a move.

How Long You’ve Been in Your Home

From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning many homeowners are living in their houses even longer (see graph below):

When you live in a home for a significant period of time, it’s natural for you to experience a number of changes in your life while you’re in that house. As those life changes and milestones happen, your needs may change. And if your current home no longer meets them, you may have better options waiting for you.

How Much Equity You’ve Gained

Additionally, if you’ve been in your house for more than a few years, you’ve likely built-up significant equity that can fuel your next move. That’s because the longer you’ve been in your house, the more likely it’s grown in value due to home price appreciation. Data from the Federal Housing Finance Agency (FHFA) illustrates that point (see graph below):

While home price growth varies by state and local area, the national average shows the typical homeowner who’s been in their house for five years saw it increase in value by nearly 60%. And the average homeowner who’s owned their home since 1991 saw it more than triple in value over that time.

Consider Your Retirement Goals

Whether you’re looking to downsize, relocate to a dream destination, or simply be closer to loved ones, your home equity can be a key to realizing your homeownership goals. NAR shares that for recent home sellers, the primary reason to move was to be closer to loved ones.

Whatever your home goals are, a trusted real estate agent can work with you to find the best option. They’ll help you sell your current house and guide you through buying the home that’s right for your lifestyle today.

Retirement can bring about major changes in your life, including what you need from your home. Let’s connect to explore the available homes in our area.

Contact us for experienced representation when buying or selling property in the Bay Area.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Savannah Rollins
  • Website

Related Posts

residential real estate

Patience Won’t Sell Your Bay Area Home. Pricing Will.

September 16, 2025
residential real estate

Buyers Finally Have Time Again

August 21, 2025
residential real estate

Why Homeownership Is Going To Be Worth It

June 23, 2025
residential real estate

The 5-Year Rule for Home Price Perspective in the Bay Area

June 10, 2025
residential real estate

Understanding Today’s Mortgage Rates: Is 3% Coming Back?

June 4, 2025
residential real estate

Why NOW is an Incredible Time to Buy an Eichler Home

May 12, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

What a 50th high school reunion teaches us about real estate – Daily News

October 11, 2025

Billionaire Caruso says he no longer builds in LA due to prices – Daily News

October 10, 2025

What happens to your building when you sell your company? – Daily News

October 4, 2025

Canada Budget 2025: Expensing Tax Reform Options

October 3, 2025

Employer-Sponsored Health Insurance Premiums: ACA Tax Credits

October 2, 2025

Retirement Savings & Investment Tax Treatment in the OECD & EU

October 1, 2025

When a 3-letter acronym can make or break a property deal – Daily News

September 27, 2025

Understanding Debt, Deficits, and Interest

September 24, 2025

The Trump Administration is Building a Fiscal House of Cards

September 23, 2025

When industrial real estate becomes obsolete – Daily News

September 20, 2025

Patience Won’t Sell Your Bay Area Home. Pricing Will.

September 16, 2025

Anniversary lessons for real estate and life – Daily News

September 13, 2025

Stay informed with the latest commercial and residential real estate news in California on the Michael Josh Realty Blog. Discover market insights, investment opportunities, and expert advice to make confident property decisions in the ever-evolving Californian real estate landscape.

Facebook X (Twitter) Instagram Pinterest YouTube
Latest Posts

What a 50th high school reunion teaches us about real estate – Daily News

October 11, 2025

Billionaire Caruso says he no longer builds in LA due to prices – Daily News

October 10, 2025

What happens to your building when you sell your company? – Daily News

October 4, 2025

Subscribe to Updates

Get the latest real estate news from michaeljoshrealty.com

© 2025 michaeljoshrealty.com
  • Home
  • commercial real estate
  • residential real estate
  • income tax

Type above and press Enter to search. Press Esc to cancel.