The #1 Reason People Move: To Be Closer to Family and Friends

The #1 Reason People Move: To Be Closer to Family and Friends
December 24, 2024

The #1 Reason People Move: To Be Closer to Family and Friends

The #1 Reason People Move: To Be Closer to Family and Friends Simplifying The Market

Have you ever thought about packing up and moving to be closer to the people who mean the most to you? Maybe you’re tired of long drives to see your family or wish your kids could spend more time with their grandparents. Clearly, a lot of other people feel the same way.

According to recent data from the National Association of Realtors (NAR), the desire to be near family and friends is the #1 reason people move (see graph below):

a screen shot of a graphThat’s because moving isn’t just about finding a new house – it’s about living a life where you’re surrounded by the people who matter most. Whether it’s catching up over weeknight dinners, watching your kids play with their cousins, or just knowing someone’s there when you need them, living near loved ones changes everything.

Let’s dive into why so many people are making this move and how it could be the best decision for you, too.

Why Family Comes First

Living near family and friends is a universal motivator that cuts across all types of buyers, whether you’re buying your first home or making a big lifestyle change.

But it’s especially important to repeat buyers. Unlike first-time homebuyers, who may be more focused on looking in more affordable areas, repeat buyers often have more flexibility on where they live. Many Baby Boomers, for example, have built significant equity in their homes, giving them the freedom to prioritize what matters most – like retiring near their grandkids. As Ali Wolf, Chief Economist at Zonda, says:

“25% of Baby Boomer households plan to retire near their children and grandchildren . . .”

Making a move to be closer to friends and family is all about creating a meaningful next chapter in your life where loved ones are just around the corner.

The Benefits of Living Near Loved Ones

But moving closer isn’t just a lifestyle choice – it’s a decision that offers real benefits:

  1. Spending More Time Together Whether it’s joining family dinners, going to weekend activities, or simply having someone nearby to talk to, these moments strengthen relationships and make life more fulfilling.
  2. Sharing Resources Living close to family can provide practical advantages, too – like sharing childcare, tools, or household items.
  3. Cutting Down on Travel Instead of spending hours on the road to spend time together, you can enjoy more spontaneous visits. This not only enhances your quality of life, but it also provides peace of mind in case of emergencies.
  4. Being There for Big Moments It also offers both emotional and practical support during life’s milestones. From graduations to tough times, being close to loved ones helps you feel connected and cared for.

Ready To Make Your Move?

At the end of the day, home isn’t just a place you live – it’s where your people are. Whether you’re looking to spend more quality time with family or enjoy the practical benefits of being closer to loved ones, the decision to move closer to those you care about is a deeply personal one.

Bottom Line

If you’re thinking about making a change, a local real estate agent would love to help. Together, you can explore neighborhoods that brings you closer to the people and places you love most.

Peace of Mind

Having a HELOC gives you peace of mind and security for all of life’s unexpected events.

Retirement

Access Cash without selling your home. If your retirement income isn’t enough to cover your expenses, you can use a HELOC to supplement it. This can be especially helpful if you have unexpected expenses or to cover the cost of long-term care.

Fund Your Business

The commercial and business credit market is tightening. Our HELOC can be used to fund your business for payroll, expansion, and capital improvements, and more.

Pay Education Expenses

With home equity at an all-time high our HELOC options could be a great lower rate alternative to costly student loans.

Home Improvement

Nothing adds value to a home more than upgrades, additions, and improvements. Rest assured with a fixed amortizing monthly payment in terms of 5, 10, 15, 20, 25 and 30 year terms.

Payoff High Interest Debt

Re-Ignite your cashflow and free yourself from high interest installment and revolving debt into one lower amortizing monthly payment.

Payoff High Interest Debt

Fill out my online form.

Fill out my online form.

Skip to content