Dictionary of Real Estate Terms: trading up
trading up
buying a larger, more expensive property.
Example: Approximately 20–40% of the housing market is composed of first-time buyers. Another 10–20% are transferees who are relocating from another part of the country. About 5–10% are empty nesters who are moving to smaller or less expensive housing in the same area. The rest of the buyers are trading up to better homes.
