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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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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. How to get referrals from real estate agents. Estate/trust appraising Special Report – Good, steady business. “Americans have seen home values rise at record rates over the past few years.

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Appraisals – Check the Water Source!

Appraisal Today

We have never seen a pandemic real estate market before. Did anyone think in early 2020 that home values all over the country would go off the charts? The way that we did that was through cantilevers and using structural engineers and steel to help us to construct the home that we absolutely wanted.”.