What “New Phenomenon” Could Affect Kissimmee Listings?

Overall, the U.S. residential market has behaved itself predictably for a couple of years. As a result,
there’s been little chance for commentators to point out any new phenomena that might affect our own
Kissimmee listings. In general, price growth has remained moderate while the volume of homes changing
hands has been relatively quiet.
That might be headed for a change if CNBC’s Diana Oleck is right. In a brief report last week, she
made a case for a new trend that could have an effect on the home-selling picture—including the
number of our own Kissimmee listings.
The trend is an uptick in one choice seniors are making—in this case, the tendency of retirees to stay
put in their current home. “Why seniors ‘aging in place’ is affecting home sales” was the report’s
headline. It pointed to an emerging housing trend which has older Americans eschewing the urge to
downsize or move to retirement communities, instead choosing to stick it out in their current homes.
That’s a trend that “would remove 1,600,000 homes from the housing market” according to
government-sponsored Freddie Mac. That would equal the total number of housing units constructed
yearly. If that estimate proves to be valid, it could indeed affect the volume of new Kissimmee listings we
might expect to see in coming years.
The reasons retirement-aged homeowners might choose not to move are the traditional ones: they
love their home, which is probably their chief investment—and they prefer to remain in the community
they know and love. There’s another reason in 2019, too: it’s increasingly difficult to find affordable
alternatives.
Closer to home, this month’s Kissimmee listings do include properties that today’s low home loans
make decidedly affordable. Give me a call!

Prepared by James Williams, Realtor; Office Manager; and Top Producer at REMAX Premier Properties. He focuses on helping sellers and buyers in the Central Florida Market www.HomesInMyOrlando.com James has served as a Board Director at the Osceola Association of Realtors ‘15 - ‘18, and as a State Leader for Florida CRS - Certified Residential Specialist ‘15 - ‘18. Contact him at 321-402-6261 or jaw3remax@gmail.com

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