The common perception that retirees are thinking of downsizing and moving to urban areas might be a myth. Instead, most baby boomers actually have similar ideas to millennials and Generation Xers, a new study has found. The survey by Del Webb, a builder of active-adult communities owned by the Atlanta-based PulteGroup, found that most homeowners […]
Baby boomers could struggle to downsize from their ‘supersize’ homes
March 26, 2019 by
Baby boomers who have built “supersized” homes for themselves may find it difficult to sell when they want to downsize, according to a report in the Wall Street Journal. The report adds that some sellers are resulting to steep price cuts in order to attract prospective buyers. Around 15 years ago, just before the Great […]
Most influential factors for first time buyers
December 27, 2018 by
The idea of love at first sight is normally applied to human relationships, but the concept is also true for house hunters, according to a new survey published by home improvement website Porch.com this week. The survey of almost 1,000 consumers about their first home purchase looked at some of the factors that can influence […]
Baby Boomers – Downsizing Homes but Upscaling Experiences
August 21, 2018 by
By continuing to spend $Trillions each year as consumers, the baby boomers haven’t finished shaping U.S. households and spending patterns.
Generation X homeowners recover most equity since last recession
July 27, 2018 by
Baby boomers and millennials usually grab most of the headlines as the biggest movers and shakers in real estate, but Generation X’ers, the generation
Impending Baby Boomer sell off could cause housing crash, experts warn
July 25, 2018 by
Baby boomers who’re planning on downsizing or leaving the real estate market altogether could send “shock waves” through the industry, according to a couple of new studies. Fannie Mae’s Economic Strategic Research Group said in its report that homeownership demand from younger generations is “insufficient” to replace the void being created by departing older owners. […]
What Buyers Want From Real Estate Agents Millennials, Gen X, and Baby Boomers
April 10, 2018 by
In residential real estate, somethings change and somethings remain the same. The first week of April, Owners.com released its 2018 homebuyer study.
How developers can target both baby boomers & millennials
October 23, 2017 by
Developers are struggling to keep up with the different needs of baby boomers and millennials – two generations that are currently reshaping the multifamily home market in urban areas.
Baby Boomers blamed for housing inventory shortage in new survey
August 14, 2017 by
The inventory of homes for sale has fallen to its lowest level in almost twenty years, and now a new survey from Realtor.com suggests is placing the blame for this on baby boomers and homeowners that just don’t want to sell.
When the Time Comes for a Reverse Mortgage
May 9, 2017 by
Baby boomers are retiring at a rate of about 10,000 per day (more than 3.5 million a year) and will continue doing so for the next decade. According to a report by the Economic Policy Institute (EPI), the average household
