5 Reasons People are Moving in 2023 - The 5 D’s

The real estate market is ever-changing, and the trends of 2023 are no different. Factors like marriage, career, and new additions to the family are all influencing people's decisions to move in 2023. With the ever-changing landscape of home buying and selling, it's important to understand why people are moving, and we have narrowed it down to 5 groups, that all start with the letter “D”.

Diaper

Do you find that your current home isn't big enough for your family to grow? If so, it may be time to start thinking about buying a bigger property. As families grow and needs change, many are finding that their current home is no longer suitable for their new lifestyle. For this reason, many people are turning to real estate to find a bigger space for their growing family.

Diamonds

People are getting married. They’re merging households and facing an unexpected issue: lack of space. Whether they are in a small apartment or a starter home, the need for additional square footage is becoming more apparent.

Divorce

When a married couple decides to go their separate ways, it often means that they no longer need the house they once shared together. This has added another layer to the home buying market as people seek out property for each individual party’s needs after a divorce.

Diploma

Even though they are at an age when most people rent, recent college graduates want to buy a home instead. 

As the job market continues to look promising, college grads are using the financial stability they have gained through employment to buy their first home.

Death

The death of a family member can be an incredibly overwhelming and difficult time. During this moment, thoughts of selling the deceased's home may arise.

As the real estate market continues to evolve and change, it is important to understand what factors are driving the need for housing. In 2023, these factors will still be very important when people decide to buy a home. The challenge of finding the right place is often daunting, so it is important to do your research before making any decisions. You need to know what you are looking for. When buyers know what's going on in the housing market, they can make smart decisions about what they need and look at all of their options.