What Boomers Want

Roughly a third of our population is 50 years or older. This significant portion of our country is extremely important to our nation not only as leaders but trend setters in how we see and participate in real estate. With 59% of these folks planning on staying in their current homes and not selling, what does this mean for our inventory trends and need for new construction? Time will tell.

Please take a look at these interesting statistics on how the Boomers are leveraged in their investments, their trends when it comes to retirement plans and housing, and the idea of downsizing as they grow older.

What Boomers Want

Contact Gabriel for a consultation to buy or sell a home in San Francisco or Oakland. He can be reached at luxerealtySF@gmail.com or 917-674-6556.

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@TheDapperAgent

Do Millennials Prefer the Burbs over the City?

When I first saw this information my immediate reaction was one of disbelief. I mean in a place like San Francisco you see so many young people; Millennials. The idea that this group of people would prefer to live in the suburbs and in rural areas versus the city just seemed silly. Then, I took a moment to reflect about this. Why would this be happening?

Well, it turns out that a lot of the Millennial group is looking for larger space and, for some, a more simplistic way of life. They want places with more bedrooms and a larger amount of space to call home. Maybe they’re planning on a family or would like a separate room for an office and a guest room for friends and family to visit. Let us not forget that the price of real estate in places like San Francisco and the Bay Area are hitting all-time highs and many Millennials may just not be ready for the high price tags associated with buying here.

Whatever the reason, Millennials, according to CAR and the National Association of Home Builders, are changing their minds about city living and choosing to live elsewhere.

Any thoughts on the matter?

Gabriel Rojas is a top-producing Realtor in San Francisco and Oakland. He can be reached at gabriel@climbsf.com or 415-562-6999.

www.AtHomeSF.com