Boomer Bonanza
Boomer Bonanza
Boomers, those currently between 62-80 years-old, perhaps surprisingly comprise the largest share of US home buyers at 42%. In part, it's because they (and those over 80) control $110 trillion or about 60% of all U.S. household wealth. With that money they are increasingly upsizing their homes by buying bigger ones or financing additions to existing homes. In 2016 4% upsized, it’s now 7%.
Econ70 - Home of GraphsandLaughs
Elliot F. Eisenberg, Ph.D.
(202) 306 2731
While it might not seem like good news, it is given what’s going on with the world right now. . .
Year over year home price growth in the Denver market is nearly flat. Is it below average? Yes. The average home price growth is 1.7%, but it’s also not declining and that’s a win in my opinion. You’ve got to find the good right now wherever possible right?
While it might not seem like good news, it is given what’s going on with the world right now. . .
Year over year home price growth for the Denver Metro area is relatively unchanged. Are we beating the average of 1.7%. No, but we’re not depreciating like a lot of areas and that’s a good thing! Values are holding and if that’s happening in this economy I feel like that’s a win. See link below for Homes.com article.
Insider Tips Before Buying Your Next House
I found this author on Medium and I really liked what he has gathered here. https://dadisfire.com/buying-house-insider-tips/
I think it’s a great list (I might debate the 15 year mortgage bit though. . . .better to have a 30 yr and have the choice of paying more or not).