Did you know? 📊 3.6 million Baby Boomers are expected to downsize by 2037. 📦 64% of retirees will move at least once during retirement. 🏠 51% of retirees aged 50+ have already moved into smaller homes. 📉 41% of retirees plan to downsize in their next move. 💡 Age 61 is when most retirees feel free to choose where they truly want to live. 📦 While downsizing brings many...
Older Buyers Are Driving the Real Estate Market! 🏡 The 2024 Profile of Home Buyers and Sellers from the National Association of REALTORS® revealed some record-breaking trends: 📊 53% of all home buyers were age 55 and over. 📈 The median age of home buyers rose to 56 years (up from 49 last year). 🔑 The typical repeat buyer age is now 61 (up from 58). 🏠 19% of buyers over 60...
As we approach 2024, predicting trends becomes particularly challenging due to varying forecasts from economists, likely influenced by uncertainties surrounding inflation and geopolitical issues. Despite this complexity, consensus suggests a relatively calm year for home buyers. Both home sales and prices are expected to experience minimal changes compared to 2023. The expanding rental market is...
While August data showed a strong trend in West County, I’ve seen more and more “price adjustments” lately, especially for the homes above $500,000, in the areas west side of St Charles county and those who have been priced aggressively. Feel free to reach out to me if you’d like to know the market conditions specifically for the area of your interest and the price...
