Boomer Housing Sell-off the Next Housing Crisis?

Posted On March 12, 2013

A lot has been written about the effects of Baby Boomers retiring en masse over the next couple of decades – on employers, on markets, on healthcare, etc. Now, a new analysis from the Metropolitan Research Center suggests that aging Boomers selling off their homes will lead to the next…

Categories: Baby Boomers, Home Ownership, Work

Gen X: The Foreclosure Generation

Posted On January 15, 2013

A new study by the St. Louis Fed takes a look at the housing crisis, particularly foreclosures, and finds a mixture of predatory lending and household overreach to blame. The hardest-hit demographic has been Generation X and, according to the Fed, Xers share some of the blame. Generation X has…

Categories: Home Ownership, Real Estate, Recession Economy

RE/MAX Western Canada – Real Estate Sales Recap

Posted On February 24, 2012

Click on title above to see my recap from a recent conference in Victoria, Canada on how to appeal to different generations of home buyers.  Enjoy!

Categories: Home Ownership, Real Estate, Training Industry

Millennials Slow to Form Households

Posted On May 9, 2012

Millennials have always been slow to reach the milestones of adulthood. As more of them become adults, the age of first marriage and the age of first-time home buying has steadily crept up. Now, the recession has slowed them down even more as they struggle to find jobs and become…

Categories: Home Ownership, Real Estate, Recession Economy, Training Industry

Millennials’ Outlook Darkens

Posted On July 23, 2012

We’ve typically characterized Millennials as an optimistic generation but that outlook may not survive their present circumstances. According to a widely publicized Newsweek story, Millennials are now America’s most “screwed” generation.  The story cites a host of scary statistics: Millennials’ net worth fell 37% from 2005-2010 (Matures’ fell 13%). The…

Categories: Home Ownership, Recession Economy, Training Industry

Millennials the “Cheapest Generation”?

Posted On September 18, 2012

Millennials aren’t buying, at least not big ticket items, according to an Atlantic Monthly analysis that calls them the “The Cheapest Generation.” The number of twenty-somethings who buy cars is off nearly a third from its peak. Even the number of teenagers with a driver’s license is down nearly 30%…

Categories: Blog, Home Ownership

Boomers Funding Millennial Homeownership

Posted On December 2, 2011

At least 20% of Baby Boomers are helping their Millennial children or grandchildren realize the dream of homeownership, according to a Better Homes and Gardens survey. One in five Boomers surveyed had gifted, loaned, or co-signed in support of a Millennial’s purchase of a home. More than two-thirds expressed a…

Categories: Baby Boomers, Home Ownership, Real Estate, Training Industry

Generation Rent?

Posted On March 8, 2012

Millennials are starting to feel like the dream of home ownership is just that – a dream. As the leading edge of the generation moves into its 30s, many of them are still finding the goal of owning a home elusive. According to the Federal Reserve, only 9% of 29-34…

Categories: Home Ownership, Matures, Recession Economy

Boomers Selling Their Houses – But Are There Any Buyers?

Posted On March 13, 2012

A new study by the Bipartisan Policy Center’s Housing Commission sees many Baby Boomers selling their homes as age, downsize, and retire. The study projects that Boomers will divest themselves of as many as 26 million housing units over the next 20 years. The problem is that the generation that…

Categories: Baby Boomers, Home Ownership, Real Estate

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