Bay State’s Boomers Face Plenty of Reasons Not to Sell
Scratch the surface of statistics about how many Baby Boomers plan to age in place, and you’ll find a wealth of constraints that shape their housing choices.
Longer Homeowner Tenure Means Agent Roles Will Change, NAR Says
With Baby Boomers outbidding Millennials and Generation X in many home sales, economists at the National Association of Realtors say real estate agents should start thinking differently about what their clients need from them.
Is the Inventory Dam About to Burst?
Couple skyrocketing construction costs with the end of COVID-19 mortgage forbearance, the end of the eviction ban, plus the oldest Baby Boomers turning 75 this year, and inventory increases may occur much sooner than anyone anticipates.
Low Rates Stymie Some Sellers
The lowest mortgage rates in 11 years have brought wannabe homebuyers off the bench and onto the playing field in droves. But low-cost mortgages don’t always help the market.
Is Your Brokerage Ready for the Silver Tsunami?
Over the next 20 years, 27.4 percent of the nation’s owner-occupied homes will come on the market as current owners die or otherwise vacate their homes. Are you prepared to capitalize on this growing trend?
Odd Lots: Homebuyers Should Keep Cash in Reserve
Homebuyers sometimes pour every dollar they have into the transaction. But a new study found that buyers with post-closing liquidity of three months or more were five times less likely to default on their mortgages.
Millennials Use Retirement Funds for Down Payments
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
Could Baby Boomers Spur a Housing Bust?
Will Baby Boomers turn into party poopers when they unload their homes in large numbers starting in the next decade?
Demolishing First-Time Buyer Myths
Numerous articles have been written proclaiming that it’s cheaper to rent than to buy, that today’s high prices are preventing first-time buyers from purchasing, and that Millennials aren’t nearly as motivated to purchase homes as the Baby Boomers were. The next time you hear one of these
A Matter Of Rights
Gentrification is not a new phenomenon and plenty of attempts have been made to combat it in the past. Some have come to fruition as laws; others have dropped away in market downturns or in the face of unrelenting progress.
Editorial Cartoon
It can be easy for one generation to transfer blame to another, but the Millennials may be pulling their weight more than Baby Boomers think.
Boomers To Blame For Ownership Inequity
The American Dream of homeownership is on life support, and who’s to blame? Certainly not the Greatest Generation, which beat the Depression, trounced the Nazis and built the suburbs.
Editorial Cartoon
The next generations are taking advantage of any opportunity they can get their hands on.
Aging Boomers’ Numbers Swell, Highlighting Need for Accessible Housing
By 2035, more than one in five people in the U.S. will be ages 65 and older, and one in three households will be headed by someone in that age group, according to “Projections and Implications for Housing a Growing Population: Older Adults 2015-2035,” a report released today by the Harvard Joint Center for Housing Studies (HJCHS).
Future Of The Boston Market Is In Multifamily Homes
Not everyone wants to live in an apartment or condominium. In fact, plenty of people, young families included, still want that suburban home with the white picket fence but find themselves boxed out
A Focus On Assets
As an undergrad at Villanova, John Traynor didn’t anticipate he would one day be in the investment management business, but once he got into portfolio management at Lehman Brothers’ training program, he said, “This is it.” In a funny twist of fate, Traynor, who grew up in Smithtown, New York, recalled that the very first bank where he opened up a Christmas club account at 9 years old was later bought by People’s United, the bank he joined as chief investment officer in 2011. When he isn’t building out People’s United’s wealth management division, he likes to spend his days rowing.
