Demographics

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Time for Your Dream Home, Gen X!

During the housing market crash, Gen X homeowners lost more wealth than other generations. However, things are changing now! A strong economy, increasing home prices, and the recovery of the housing market are helping this generation to regain their lost wealth. According to Pew Research Center, “Their fortunes have rebounded more than those of other [...]

By |2019-06-13T03:04:55-07:00June 13th, 2019|Categories: Demographics, For Buyers, For Sellers, Generation X, Housing Market Updates, Move-Up Buyers|Comments Off on Time for Your Dream Home, Gen X!

What is Important to Boomers when Selling their House?

If you are a “baby boomer” (born between 1946 and 1964), you may be thinking about selling your current home. Your children may have finally moved out. Your large, four-bedroom house with three bathrooms no longer fits the bill. Taxes are too high. Utilities are too expensive. Cleaning and repair are too difficult. You may [...]

By |2019-06-06T03:04:56-07:00June 6th, 2019|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Housing Market Updates|Comments Off on What is Important to Boomers when Selling their House?

Multigenerational Homes Are on the Rise

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average age in the U.S. is 78 years old!  As a [...]

By |2019-05-29T03:01:20-07:00May 29th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Senior Market|Comments Off on Multigenerational Homes Are on the Rise

Are Older Generations Really Not Selling Their Homes?

Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent [...]

By |2019-05-21T03:04:56-07:00May 21st, 2019|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Housing Market Updates, Senior Market|Comments Off on Are Older Generations Really Not Selling Their Homes?

Your Fabulous New Dream Home is Now Available

Over the last several years, many “baby boomers” have undergone a metamorphosis. Their children have finally moved out and they can now dream about their own future. For many, a change in lifestyle might necessitate a change in the type of home they live in. That two-story, four-bedroom colonial with three bathrooms no longer fits [...]

By |2019-05-02T03:04:26-07:00May 2nd, 2019|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Housing Market Updates, Luxury Market, Pricing|Comments Off on Your Fabulous New Dream Home is Now Available

What Would Make You Sell Your House?

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). [...]

By |2019-04-30T03:04:34-07:00April 30th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Senior Market|Comments Off on What Would Make You Sell Your House?

New Study Reveals One Surprising Reason for the Inventory Shortage

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While [...]

By |2019-04-24T03:05:28-07:00April 24th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Senior Market|Comments Off on New Study Reveals One Surprising Reason for the Inventory Shortage

With Inventory Low: Will Your Dream Home Need Some TLC?

According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a fixer-upper, with 95% believing that the projects needed will increase their new home’s value! Realtor.com’s Chief [...]

By |2019-04-23T03:05:16-07:00April 23rd, 2019|Categories: Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers|Comments Off on With Inventory Low: Will Your Dream Home Need Some TLC?

Home Buyer Demand Will Be Strong for Years to Come

There has been a lot written about millennials and their preference to live in city centers above their favorite pizza place. Some have even gone so far as to say that millennials are a “Renter-Generation”. And while this might be true for some millennials, more and more research has surfaced that shows for the vast [...]

By |2019-04-10T04:07:27-07:00April 10th, 2019|Categories: Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Home Buyer Demand Will Be Strong for Years to Come