- Changing Lifestyle Needs: Many homeowners are looking for more space, different layouts, or proximity to family as their lifestyle needs evolve—especially post-pandemic, with more people working remotely.
- Job Relocation or Flexibility: Some are moving due to job changes, either relocating for a new opportunity or taking advantage of remote work to live in more affordable or desirable locations.
- Desire for Homeownership Upgrades: Homeowners who’ve built equity in their current home may want to trade up for something newer, larger, or in a better neighborhood.
- Financial Reasons: Some may need to downsize due to higher living costs, while others might sell to capitalize on the equity gains from rising home values over the past few years.
- Interest Rate Lock-In Impact: Although high mortgage rates have kept some people in place, others are willing to move despite rates if the motivation is strong enough—like a growing family or retirement.