Can we expect young adults to be tomorrow's home buyers? A report from the Urban Institute: The share of young adults ages 25 to 34 living with their parents increased from 11.9 percent in 2000 to 22.0 percent in 2017. This translates to more than 5.6 million...
According to the Realtors Confidence Index national survey, 89% of home sellers were at least 35 years old, and two-thirds were selling their primary residence: ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Of those who bought a home, 72% were at least 35 years...
Diana had a piece on seniors aging in place, and put some numbers on it: With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a market already experiencing a critical...
Freddie Mac' research finds that today's seniors (persons born after 1931) are staying in their homes longer, and aging in place. While Millennials have historically low rates of homeownership, the rates among seniors are high relative to previous generations. The...
www.sacramentoappraisalblog.com Ryan posted the history of real estate cycles in Sacramento County, so here are the same years for North San Diego County's coastal region for comparison. Human nature tends to flow in the same direction everywhere, and as a result,...
Earlier this week the grays were on their way out, but it may take a while. Can you believe that 34% are removing the bathtub? From Houzz: Anticipating Aging Needs: The majority of baby boomers (ages 55 or older) are addressing current or future needs of aging...
How can the market keep going? Generational wealth distribution! Among respondents with an annual income over $100,000 who anticipate familial help with a down payment, the average expected level of support is over $50,000, enough for a 20 percent down payment on the...
Here's a visual that sums it up pretty well. Where are they going? https://www.car.org/marketdata/surveys/ahs
When moving, younger singles, couples, and families tend to stay in their same area, while seniors are more likely to be leaving town. From our friends at JBREC: Link...
If baby boomers have to sell their home because they need the money, this will be a great alternative - and could help to dry up the housing inventory, especially if you can build an ADU for less than $50,000. Homes with bigger yards would be more valuable too....
