One big question is the extent to which home-seller returns vary over the life cycle, particularly whether older homeowners earn the same returns as their younger counterparts.   

To answer that question, this brief – which is based on a recent paper – summarizes a comprehensive analysis of age-related disparities in home-sale returns.¹ The analysis uses a newly created dataset that links housing transactions with voter records to obtain seller age. The results show that a decline in housing returns starts at age 70 and increases with each additional year of the seller’s age. Having established a link between age and the penalty in property returns, the study seeks to document possible explanations, such as the condition of the property and how the property is marketed and sold.     

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