By Brian Summerfield, Online Editor, REALTOR® Magazine
A recent report from the Urban Land Institute outlines a few important demographic groups in real estate going into the new decade. (The Teens? The Tens? Are we going to have another debate about decade labels after we failed to definitively resolve the last one?)
Anyway, according to ULI, the following three generational groups will shape the fortunes of the housing market over the next 10 years: Continue reading »
By Erica Christoffer, Contributing Editor, REALTOR® Magazine
Whether you are working with a Baby Boomer, Gen Xer, or someone in the Gen Y age range, it’s important to know what your buyers wants in a home.
While age demographics are still a driving factor in the type of home your buyer is interested in, and three presenters at the International Builders’ Show Wednesday said there is a tie that binds – today, less is more.
Saying goodbye to McMansions, Mary Dewalt of Mary Dewalt Design Group, Steve Lane of Denver-based KEPHART, and Ken Perlman of Sullivan Group Real Estate Advisors outlined the driving demand behind each generation and what features they want in their downsized home in the session “From Wow to Now: What Today’s Home Buyers Really Want.”
Baby Boomers (age 45-65):
They don’t see themselves as getting older, and they don’t want to compromise their active lifestyles. Continue reading »
By Katherine Tarbox, Senior Editor, REALTOR® Magazine
Recently, NAR Research commissioned Harris Interactive to conduct an online survey of adult consumers over the age of 45 in Canada, France, Germany, Great Britain, and Mexico about their retirement plans. The study found that 7.1 percent of respondents would consider retiring in the U.S., with the most interest from those in Canada and Mexico. Of those who were interested, 37 percent liked Florida, while others have their sights set on Arizona and California.
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