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.
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.