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Millennials struggle to compete with boomers for homes

Housing Wire

From 2009 to 2019, the share of recent buyers who are 60 years and old grew 47% , while the share of recent buyers ages 18-39 fell by 13%. In addition, the median age of a homebuyer who completed their purchase within the past year rose from 40 in 2009 to 44 in 2019. Over the same time period, home values grew 31.2%.

Buyers 538
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HW+ Member Spotlight: Stacy Esser

Housing Wire

His recent article, “Purchase apps are at 2009 level: where’s the inventory?” This article, for example, asks why, if purchase applications are down to 2009 levels, are inventory levels still so freaking low? Finally, the last closely watched trend in the housing market is construction activity. Are we in a housing bubble?”

Sellers 382
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How to select appraisal comps

Appraisal Today

acre lot, built in 2009 This elegant, Georgian mansion is said to be owned by a former executive with ties to the Grey Goose vodka fortune. The 24-room residence was custom built in 2009 and is loaded with exquisite finishes. It can impact home values, insurance costs, and the overall stability of a housing market.” “The

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Too many appraisers?

Appraisal Today

Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. “Americans have seen home values rise at record rates over the past few years. The hangar was built in 2009, and the home was completed in 2014. Available to rent on Airbnb, of course.

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Appraisals – Check the Water Source!

Appraisal Today

Did anyone think in early 2020 that home values all over the country would go off the charts? We went through three architects because no architect could figure out how to build this home with unobstructed views without having large columns supporting the substantial overhangs,” Gary explains. No one did. 8-minute podcast.