How many of the long-time owners are selling the family homestead, and downsizing now that the kids are gone? We don't know for sure who falls into that category - people with older kids could have bought a house 5-8 years ago and already be empty-nesters. But a...
A 15-bedroom American mansion with a guitar-shaped driveway has gone up for auction - with a starting bid of $0. Seven Montagel Way will go under the hammer on October 31. The 27-acre property in Shoal Creek, Alabama comes with a horse riding arena and a fitness...
Millennials will undoubtedly "drive the growth of aggregate housing demand'. But at what price? We've already agreed that the majority of baby boomers will be fine, and age in place. After their demise, the disposition of the house can be debated, but it's really the...
Some disagree with my idea that, while the majority of baby boomers will be fine, there will be a group that is financially restrained and will need to sell their house. Richard Green is a USC ivory-tower guy, so he obviously knows his stuff. He chimed in on twitter,...
This survey is dated 2014, and they should update it every year - or at least until I'm right about having a boomer liquidation sale coming down the pike! This survey asks several different questions, but notice how 20% to 30% of the responses seemed to divulge some...
The baby boomer liquidation sale has failed to materialize....so far. Boomers are holding onto their old homes longer, and living the good life instead: LINK Baby boomers are not leaving the homes they own to settle into apartments, as housing economists had...
The baby boomer liquidation sale isn't panning out just yet. There are boomers buying a bigger homes to house multiple generations, and there are those who want to enitce more visits from the grandkids. From nbcnews.com:...
Though we have reverse mortgages available, you can't help but think we'll be enduring a baby-boomer housing liquidation sales event over the next 10-20 years. I think it's already underway, and disguised as those wanting to "downsize and travel a bit". Hat tip to...
