The #1 reason that the real estate market has been in the doldrums over the last few months is because of the inept response from realtors on how to handle it. There hasn’t been ANY real guidance or advice coming from NAR and other industry leaders on what to do, which gives the appearance that they probably don’t have a clue.
But the least they can do is respond to doomers leaving unsubstantiated teasers on your twitter account. This guy is begging you to respond, and you just let it go? Have some guts and reply with something that forwards the conversation…..please!
I’d respond with this:
The baby boomers own most of the homes, and 91% of them aren’t interested in accessing their equity, let alone moving! There isn’t going to be a flood of boomer liquidations, though I hope it comes some day. While there might be some minor outbreaks in 2023, for the most part, seniors are going to age in place and chuckle at the real estate mailers that promise instant riches.