From our friends at John Burns Real Estate Consulting: http://realestateconsulting.com/the-retiree-surge-is-here/ Only 10 years ago, 2.2 million people were turning 65 each year. That number has surged to 3.5 million this year and will grow to 4.2 million in 2025!...
For most baby boomers, it takes leaving town to really make it worth selling. But where do you go? If you still want to stay around SoCal, places like Idyllwild, Julian, or Running Springs are all within a half-day drive. If you don't mind going further, places like...
Millienials - or anyone feeling priced out - really should support permissive housing policy to help keep a throttle on prices. Here's evidence showing that faster-growing cities have more-modest price increases, although this chart is older (prices over last 5 years...
I love my new Encinitas Highlands listing at 733 Stratford Drive, which is at the top of the hill and offers some of the best ocean views in EH! This is another property that is ideally suited for the multi-generational buyers because there are bedrooms and full...
Hat tip to daytrip for sending in this information on granny pods, which are fully-contained housing units you can put in your backyard: http://www.lifedaily.com/with-a-granny-pod-grandma-can-live-in-your-backyard/ The company's website has pods as low as $39,625:...
The population of aging baby boomers in California will double by 2050. Downsizing will be a hot topic, and one-story homes will be very popular! Will we see baby-boomer communes? From the beach party movies of the 1960s to the hippies of the 1970s and Silicon...
How many of the long-time owners are selling the family homestead, and downsizing now that the kids are gone? We don't know for sure who falls into that category - people with older kids could have bought a house 5-8 years ago and already be empty-nesters. But a...
San Diego is the highest-priced in the Top 10 - we want affluent millennials! From realtor.com: http://www.realtor.com/news/trends/where-the-millennials-move-to-in-2016/ Is there any part of U.S. life that hasn’t been dramatically altered by the millennial invasion?...
http://www.nextavenue.org/how-boomers-can-sell-their-homes-to-millennials/ Generally speaking, boomers who bought homes to start families purchased what their budgets allowed and fixed them up over time. Nothing could be further from the minds of typical Millennial...
Millennials will undoubtedly "drive the growth of aggregate housing demand'. But at what price? We've already agreed that the majority of baby boomers will be fine, and age in place. After their demise, the disposition of the house can be debated, but it's really the...
