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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

Below, Esser answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? His recent article, “Purchase apps are at 2009 level: where’s the inventory?” takes a deep dive into what the heck is going on with purchase applications, housing demand and inventory levels.

Sellers 380
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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’s been on and off the market since 2022, with a top asking price of $33.8 Excerpts: 10 bedrooms, 14.5+

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Too many appraisers?

Appraisal Today

House decorating used a lot of seashells and items found on the local beach. Construction started in 2001 and took three years to complete with two bedrooms, 2 bathrooms, and a swimming pool. Hot housing market not a bubble, economists say. The hangar was built in 2009, and the home was completed in 2014.

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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? Watch the excellent 4-minute video with Mark Zandi , “There’s a comeuppance coming in the housing market” It discusses how today is different from 2008 and what is happening today. “We No one did.