Boomers Are Driving The Real Estate Market... Episode 293

Boomers Are Driving The Real Estate Market... ...Homeowners born betwen 1946-1964 years old are leading the way This group makes up 46% of sales this year Which oddly enough is the same amount as last year Finishing at a distant 2nd place were millenials born 1980-1998 making up 26% of sales this year a slight decline from 29% last year Boomers lead the way in home equity by a wide margin which is a big reason that they are BIG PLAYERS in this market If you want to look at the "extra boomers" or "super boomers" category YES I made up those names Those aged 71-79 have lived in their homes an average of 15 years and have an average home value over $408,000 They definitely have the experience and $$$ to make a move in almost any market With the summer market on the horizon it will prove to be an interesting display of the buying power of the Boomers vs Millenials get out your popcorn this is gonna get interesting

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