Hawkhill Homes’ Post

🏡 Millennials Have the Children, But Boomers Have the Houses 🏡 As the real estate market continues to evolve, it's important to recognize the shifting dynamics between generations. While millennials are dreaming of owning their own home, many baby boomers are looking to #downsize. Housing market dynamics have shifted dramatically over the years, and it's an interesting time to explore the intergenerational aspects of homeownership. As millennials start families and seek stability, many face the challenge of entering a competitive housing market. On the other hand, baby boomers, who have accumulated wealth and assets over the years, find themselves with a different set of opportunities and considerations. A recent analysis by Redfin found that empty nesters — that is, #babyboomer households with no children in the home — own 28 percent of the nation's large homes (those with three or more bedrooms). Millennial households with children own half as many, about 14 percent. While millennials have the advantage of youth and technological prowess, baby boomers often have the upper hand when it comes to housing. They have built equity in their homes and possess valuable real estate assets. This has created an interesting dynamic where millennials have the children, but boomers have the houses. However, this doesn't mean that millennials should lose hope. An intergenerational exchange of housing assets can be mutually beneficial. Boomers who are looking to downsize can consider selling their larger homes to millennials who are in need of more space for their growing families. This can create a win-win situation, allowing boomers to unlock their housing wealth, while providing millennials with a chance to fulfill their homeownership dreams. Let's keep the conversation going on this fascinating topic! Share your thoughts and experiences in the comments below. 💬 #MillennialsAndHousing #RealEstateTrends #MillennialsAndBoomers #HousingMarket #indianapolisrealtor #carmelindianarealtor #movemanager

Have you come across the term "Silver Tsunami" and wondered what it means? There's been a lot of buzz about it online lately, so let's delve into its significance and its potential impact on the housing market. The term, as described in a recent HousingWire article, refers to aging Americans adapting their housing arrangements to suit their changing needs as they grow older. The idea is that as the baby boomer generation ages, a substantial number will downsize their homes. Given the sheer size of this generation, if these moves were to occur in a significant wave, it could potentially flood the housing market with larger homes for sale. This influx of homes could disrupt the supply and demand balance. While the concept makes sense in theory, experts suggest that a Silver Tsunami hasn't materialized yet and is unlikely to do so anytime soon, as stated in the same HousingWire article. One key reason is that many baby boomers prefer to age in place and stay in their current homes, according to data from the AARP. Not every baby boomer plans to sell or move, and even those who do will do so gradually over time. In essence, demographic trends, like the aging of the baby boomer generation, don't create sudden tsunamis in the housing market. Instead, any impact from baby boomers moving will be gradual and extend over many years, as noted by Mark Fleming, Chief Economist at First American. So, if you're concerned about a Silver Tsunami disrupting the housing market, there's no need to worry; it's more of a trickle than a tsunami. ------ Carmen Carr 530-448-1643 CarmenCarr.com Carmen@CarmenCarr.com ENGEL & VÖLKERS Truckee • Lake Tahoe DRE 01399136 #luxurylistings #luxuryhomes #sunvalley #luxuryestates #SilverTsunamiInsights #AgingInPlace #HousingMarketShift #BabyBoomersImpact #DemographicTrickle

🏡 Millennials Have the Children, But Boomers Have the Houses 🏡 As the real estate market continues to evolve, it's important to recognize the shifting dynamics between generations. While millennials are dreaming of owning their own home, many baby boomers are looking to #downsize. Housing market dynamics have shifted dramatically over the years, and it's an interesting time to explore the intergenerational aspects of homeownership. As millennials start families and seek stability, many face the challenge of entering a competitive housing market. On the other hand, baby boomers, who have accumulated wealth and assets over the years, find themselves with a different set of opportunities and considerations. A recent analysis by Redfin found that empty nesters — that is, #babyboomer households with no children in the home — own 28 percent of the nation's large homes (those with three or more bedrooms). Millennial households with children own half as many, about 14 percent. While millennials have the advantage of youth and technological prowess, baby boomers often have the upper hand when it comes to housing. They have built equity in their homes and possess valuable real estate assets. This has created an interesting dynamic where millennials have the children, but boomers have the houses. However, this doesn't mean that millennials should lose hope. An intergenerational exchange of housing assets can be mutually beneficial. Boomers who are looking to downsize can consider selling their larger homes to millennials who are in need of more space for their growing families. This can create a win-win situation, allowing boomers to unlock their housing wealth, while providing millennials with a chance to fulfill their homeownership dreams. Let's keep the conversation going on this fascinating topic! Share your thoughts and experiences in the comments below. 💬 #MillennialsAndHousing #RealEstateTrends #MillennialsAndBoomers #HousingMarket #indianapolisrealtor #carmelindianarealtor #movemanager

The "Silver Tsunami" refers to the aging population, particularly the large number of baby boomers reaching retirement age. This demographic shift will have a significant impact on the housing market. Read more: https://lnkd.in/egRqXGgs #demographic #realestateexpert #homeownership #homebuying #richometeam

Personal preference or policy failure? The Harvard Joint Center for Housing Studies finds that millenials moving to the suburbs may have been largely pushed out of cities by inadequate housing. https://lnkd.in/gah47knd "So why would millennials abandon their urban preference for places that were more suburban, less central, and lighter on amenities? We found evidence that affordability and the changing housing needs of millennials may be important drivers. Millennial #suburbanization was strongest in metros with the least affordable urban centers and in those with the lowest shares of family-sized housing units (those with three or more bedrooms) in their urban centers. This suggests that millennials are leaving places that do not offer affordable and/or right-sized housing as they reach traditional milestones like forming a new household, having children, or becoming homeowners."

Remember the wave of millennials buying first homes? Now imagine MILLIONS of BABY BOOMERS doing the same thing...except in REVERSE! That's the "Silver Tsunami": a potential flood of larger houses hitting the market as boomers downsize. But should you PANIC? Spoiler alert: It's NOT happening as fast as everyone thinks! Many boomers prefer to "age in place." But...the market IS shifting, and staying informed is KEY! Whether you're: A young family DREAMING of a bigger space A boomer CONTEMPLATING a cozy downsize ️ Just CURIOUS about the future of real estate This post is FOR YOU! ➡️ Busting Silver Tsunami myths & revealing REAL trends ➡️ Tips to navigate the changing market CONFIDENTLY ➡️ Why planning ahead gives you the POWER to WIN Click the link & DON'T MISS OUT! ➡️ #SilverTsunami #RealEstate #MarketShift #Boomers #Downsizing #Upsizing #YourTrustedAdvisor Mary & Sarah Ogden, Realtors® BS. 0146698, BS. 0146697 🏡 Serving Henderson, Las Vegas, and North Las Vegas 🇺🇸 Veterans | 🎓 UNLV Alumni 📞 (702) 271-8598 Coldwell Banker Premier Realty

Move over millennials, Gen Z is making waves in the real estate scene! Brace yourselves for a fresh surge of Gen Z buyers reshaping the housing market with their unique perspectives and preferences. Baby boomers, reigning with a staggering $19 trillion in real estate wealth, have left an indelible mark, influencing soaring home prices. As this generation starts to vacate their homes around 2030, a potential "silver tsunami" might flood the market, offering opportunities for the upcoming Gen Z. Unlike millennials, Gen Z may benefit from a less crowded market and a surplus of starter houses as boomers downsize. A smaller cohort size and reduced competition could alleviate the pressure on the housing market, giving Gen Z a favourable edge. A significant generational transition is underway, with Gen Z stepping into the spotlight as the next wave of homebuyers. Sellers and real estate agents must adapt to the tech-savvy, eco-conscious, and community-focused preferences of this emerging generation. For the real estate industry to thrive, embracing these shifts and devising creative marketing and renovation strategies for older homes is essential. It's not just a change in the housing market; it's an opportunity for intergenerational exchange, where Gen Z breathes new life into neighbourhoods with decades-long boomer residency. The evolving housing market might not solve the larger crisis, but it presents a unique chance for savvy younger generations to navigate and reshape the future. The housing market is about to undergo and unveil its next chapter and is the era of Gen Z! Read more on the link below about the Gen Z takeover in the real estate market: https://rpb.li/CFkoep #RealEstateShift #GenZHomebuyers #HousingMarketTrends

#Millennials are now the nation's largest generation, reshaping communities with their #housing choices. Recent research from Harvard’s Joint Center for Housing Studies highlights that millennials are increasingly moving to suburbs, attracted by more spacious and relatively budget-friendly living compared to urban centers. 💬 Fast Company: “Millennials relocating to suburbs remained renters in 2023. We can expect an increase in demand for single-family rental units and, in the specific case of millennials, a strong case for build-to-rent communities that offer the home size, amenities, and locations they are looking for.” Read the full article ⬇

🏠 Generational Housing Preferences🌟 • From millennials to baby boomers, each generation has unique housing preferences shaping the real estate landscape! • 🏡 According to recent surveys: • Millennials, aged 25-40, prioritize walkable neighborhoods and urban amenities, with 72% expressing interest in living close to restaurants, shops, and entertainment venues. • Gen Z, aged 18-24, values sustainability and eco-friendly features, with 64% stating they are willing to pay more for properties with green certifications and energy-efficient upgrades. • Baby boomers, aged 57-75, are seeking downsizing options and active adult communities, with 68% indicating they prefer single-story homes and amenities such as fitness centers and community social events. • Understanding these preferences is key to finding the perfect home for every generation - sure. • 💯 Understanding who you’re offering your home to as a seller is key 🗝️ to maximizing value. • • • Nick Maugeri DRE 02109522 📧 nmaugeri@pmz.com 📱 209-409-4225 -Client Centered, Results Driven- 🏡Wealth Building 🏠Residential 🏚Value add 🏘Multifamily 🏨Commercial 🌾Agricultural • • #californiarealestate #realtor #investment #investor #realestate #property #house #realestateagent #home #interiordesign #modesto #sacramento #neighborhood #community #agriculture #multifamily #wealth #business #investing #commercial #businessowner #modestoutfit #california #money #realestatetrend

Empty-nester boomers own the most large homes 🏡👴👵 Empty-nester boomers – those with households of 1-2 adults and no minor children – own twice as many large homes as millennials with children. The boomers own 28.2% of large homes while the millennials with children own 14.2%. That’s the main takeaway from Redfin’s analysis of homeownership data from the Census. Here are the other points to know. 📊 Baby boomers with households of 3+ adults (most often adult children living with their boomer parents) own 7.5% of large U.S. homes. 🏠 Gen Zers with kids own the smallest share at just 0.3%. 👶🏠 Millennials account for the largest share of the U.S. population (28%), followed by Boomers (27%), Gen Xers (25%), Gen Zers (12%) 📈 For reference: Gen Z = 19 – 25 years young Millennials = 26 – 41 Gen X = 42 – 57 Baby Boomers = 58 – 76 🗓️ Our take: This is an illuminating report and we encourage you to study it carefully. It presents a unique opportunity for real estate agents. Even if boomers don’t have a real financial incentive to move at the moment, they may want to do so sooner rather than later. There are a variety of reasons: a desire to live in a warmer climate, move closer to children/grandchildren, or downsize into a lower-maintenance and (potentially) lower-cost home. During these next five years, this is a tremendous opportunity for agents to bring together boomer empty-nesters with large homes and millennials with households that are outgrowing their current homes. Definitely keep this report in mind as you set your long-term business plans. 🏠📈🔍 #RealEstate #HousingMarket #EmptyNesters #Millennials #Boomers #Homeownership #Generations #Opportunity #RealEstateAgents #MarketAnalysis