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.
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.
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.
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?
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.
Nearly 30 percent of Millennials are tapping into their retirement savings for down payments, according to a new report from Down Payment Resource.
Will Baby Boomers turn into party poopers when they unload their homes in large numbers starting in the next decade?
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
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.
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.
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.
The next generations are taking advantage of any opportunity they can get their hands on.
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).
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
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.
