Andres Madril on LinkedIn: #homebuyingtrends #genz #realestateinsights #newhomebuying (2025)

📈 🧐 Gen Z is leading the charge with a strong enthusiasm for homeownership, surpassing even Millennials, Gen X, and Baby Boomers! 💥 They're eager to dive into the market, and those who already own are considering refinancing or tapping into second mortgages like fixed rates or HELOCs in 2024 🏡💬If you're Gen Z or know someone eyeing homeownership, let's chat! There's a world of exciting opportunities out there. 🌟#HomeBuyingTrends #GenZ #RealEstateInsights #NewHomeBuyingThanks to ServiceLink for these insights!

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According to a recent report, empty-nest baby boomers own 28% of the nation’s large homes (3BR or more), while millennials with kids own just 14%. Ten years ago, those percentages were almost equal. Of course, boomers with paid off mortgages or low interest loans don’t have a lot of incentive to sell, and higher prices and mortgage rates make it harder for millennials to even consider owning a home. But what happens when the market changes? CUs should be planning ahead. (BTW, I was actually surprised to see Indy as having the highest percentage of millennial ownership.) https://zurl.co/aUTe

Millennials and Baby Boomers had very different experiences in the real estate market in 2023. Even though interest rates reached record highs last year, the stability of consistent rates helped millennials feel more comfortable making their first forays into home ownership. Meanwhile, in the second half of 2023 1.3 million fewer homes were listed than forecasted largely because the vast majority of baby boomers didn't want to move. Many sellers who had purchased their homes with lower interest rates didn't think it made financial sense for them to move when both interest rates and house prices were higher. With real estate and interest rates in the headlines lately, it's important to consult knowledgeable real estate and mortgage professionals IN YOUR AREA before making any decisions, especially in Colorado where we often deviate from national trends.

The Housing Market and YOU.Have you heard of the Great Wealth Transfer? Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials. And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.#realestate #realestatenewsThinking of buying/selling? Call me: 210.445.2477. #newhome #educatinghomebuyers #realestateadvise #realestatetips #canyonlakehomes #canyonlakeliving #canyonlakerealtor #buycanyonlakehomes #sellcanyonlakehomes #findcanyonlakehomes #shellyallenrealtor

🏡 Looking to buy a home? 🏠 Did you know that older baby boomers make up 12% of 2023 homebuyers? 💪💼 Real estate agents can help navigate the process and provide insider knowledge about local markets. 🌇📈 Whether you're a boomer or a millennial, our goal is to exceed your expectations and find homebuying success. For financing options give me a call today (914) 447-6158!!!💯💼 #Homebuying #RealEstate #Boomers #Millennials #LocalMarketshttps://lnkd.in/exeXkAdT

Millennials are facing a staggering reality: homes are now nearly 80% pricier for them than they were for baby boomers when they were in their 30s, adjusting for typical income levels.Back in 2022, when the majority of millennials were hitting their 30s, the median home price soared to 6.3x the median household income. To put numbers to it, the median household income stood at $74,580, while the median home price skyrocketed to $468,000.If the current trend persist, by 2030, the median home will ring in at a whopping 6.9x the median household income. Fast forward to 2050, and the median home would cost 8.4x the median household income.See what salary you would need to earn to buy a home in every state: (source: Realtor.com) #jimmazziotti #realestate #homebuyers #texas #EXITrealtyelite #cometonorthtexas

Millennials today are facing a housing market that's more challenging than what baby boomers encountered in the 1980s. While high mortgage rates back then were a significant hurdle, today’s buyers are contending with soaring home prices and a critical shortage of inventory. Despite the potential for borrowing rates to improve by the end of the year, the lack of available homes—exacerbated by years of underbuilding and low turnover—means that affordability remains elusive for many.For a deeper look into the current market dynamics and the impact of housing supply shortages, read The Wall Street Journal article below.

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The generation that turned cities into expensive playgrounds for the young is now being forced to flee to the suburbs.Some homebuyers who decamped for the suburbs in the horrifying first months of the pandemic have come toregret their move. But as housing costs and mortgage rates hit record highs, they're stuck. Those who stayed in the cities are fleeing in droves, to parts unknown. Millennial homebuyers aren't just leaving the urban core — they're moving to the farthest reaches of the suburbs. The housing market and aging are turning millennials into the thing every generation swears they'll never become: their suburban parents.Read more from Eliza Relman on Business Insider. https://lnkd.in/ebugkYvH#millennials #realestate #suburbs

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💥 News Flash 💥 Millennials are the LARGEST group of homebuyers.They’ve surpassed baby boomers, making up a whopping 38% of the market.Homeownership is the great entry point into the real estate market, while passive investing in commercial real estate, think apartments, Is a great way to grow long-term wealth and build additional income streams.Why Passively Invest in Real Estate? ✅ Hassle-Free: No tenants, toilets, or termites.✅ Diversification: Balance out paper assets with hard assets.✅ Build Wealth: Grow wealth over time through market appreciation.✅ Passive Income: Build additional income streams over time.Millennials

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🏡 Aging in Place: The Boomer Effect 🚀Did you know? According to a recent Redfin survey, a whopping 78% of baby boomers plan to stay in their current homes as they age. That's a trend worth noticing, folks! Here's the scoop:👴 What's the Plan? - Most boomers (78%) are opting to age in place, while only 20% consider moving to a 55-plus community. Another 10% plan to move in with adult children, and a similar share is eyeing assisted living or moving in with friends.💰 Money Matters - Why the reluctance to move? Well, it's largely a financial decision. With many boomers mortgage-free or enjoying low-interest rates, they're not in a rush to sell. Plus, 51% simply love their homes, 27% have paid them off, and 21% are holding out due to high home prices.🏠 Inventory Woes - But here's the kicker: Boomers staying put are squeezing the market, especially for trade-up homes. With 28% of three-bedroom homes owned by empty-nest boomers, millennials with kids are feeling the pinch.🔍 Insightful Outlook - Daryl Fairweather, Redfin's chief economist, weighs in: Aging in place makes financial sense, but it's also about avoiding tough decisions. The solution? Focus on building housing for seniors to ease the inventory shortage and boost affordability for everyone.Let's keep an eye on this housing trend, folks! It's not just about where we live but how we're shaping the future.#AgingInPlace #HousingTrends#BoomerEffect #RealEstateTrends#mortgage #realestate#realtor #mortgagebroker#home #realestateagent#firsttimehomebuyer #refinance#newhome #investment#househunting #property#finance #loanofficer#creditscore #mortgagelender#creditrepair #loans#homeloans #credit#dreamhome #broker#homebuyers #mortgagerates#homeloan #LendingIsAnArt!