A recent survey from Opendoor, conducted by Wakefield Research, polled 1,000 first-time home sellers across the U.S.—people who sold their very first home in the past year or currently have it on the market. The results revealed a clear shift: Many who bought during the 2020 housing boom are rethinking those decisions and are ready to make a change.
Excitement Has Turned to Regret
The pandemic-era buying frenzy—driven by low interest rates and remote work—left many homeowners with regret. Younger generations felt it the most, with 94% of Gen Zers and 86% of millennials admitting to missteps like buying too soon or underestimating costs. Ninety-one percent of sellers said those mistakes influenced their decision to sell. With work and lifestyle needs evolving, many are ready to cash in their equity and start over.
Goodbye, Forever Home
The idea of a “forever home” is fading—now seen as unrealistic or even unattainable by many. Eighty-one percent of sellers are listing homes they once hoped to keep for the long term. With a larger housing pool available today than during the low-inventory days of the pandemic era, this spring market offers more space to breathe—and browse.
Sellers Want Less Stress
Selling a home is more stressful than many expect, with 75% of sellers describing the process as emotionally draining. Gen Zers, millennials, and Gen Xers reported the highest stress levels, while only 61% of baby boomers said they felt overwhelmed. Today’s sellers want more control and convenience, with nearly 90% of younger sellers seeking a customized sales process—one that avoids staging, repairs, and showings whenever possible.
Younger buyers are rewriting what it means to own a home, prioritizing flexibility and finding the right fit over permanence. With interest rates on a steady decline, now may be the right time to sell—or buy again. Let’s find a strategy that works for your next chapter!