When the housing market crashed in 2008, Mobile builder Rogers & Willard found themselves in the same situation as pretty much every other construction company in America. After the crash, the company limped through 2009 on only a third of the revenue it had enjoyed in 2008. Times were lean….
Categories: Entrepreneurship, Real Estate, Recession Economy, What's Working with Cam Marston, WorkThe good news for the real estate market is that millennial home-buying has slowly been trending upward since 2017. If you live in a golf course community and was hoping that’d help your property values, however, the news maybe isn’t so good. According to the Wall Street Journal, millennials are…
Categories: Blog, Generation Y / Millennials, Home Ownership, Real Estate(Special Blog today comes courtesy of Zillow who researches generational trends on their users and homebuyers across the market place.) By Jennifer Riner Every generation offers specific trends, habits and lifestyles that sets them apart from their predecessors. Much like Generation X differs from their Baby Boomer elders, Generation Y…
Categories: Financial Services, Generations, Real Estate(Today’s blog courtesy of Zillow.com. Thanks to Zillow for reaching out and offering this info. Good stuff.) By Jennifer Riner Less than 9 percent of Millennials live solo these days – a portion of the population that’s been in decline for the past few years. Because of unaffordable rents…
Categories: Generation Y / Millennials, Home Ownership, Real EstateA new study by the St. Louis Fed takes a look at the housing crisis, particularly foreclosures, and finds a mixture of predatory lending and household overreach to blame. The hardest-hit demographic has been Generation X and, according to the Fed, Xers share some of the blame. Generation X has…
Categories: Home Ownership, Real Estate, Recession EconomyClick on title above to see my recap from a recent conference in Victoria, Canada on how to appeal to different generations of home buyers. Enjoy!
Categories: Home Ownership, Real Estate, Training IndustryMillennials have always been slow to reach the milestones of adulthood. As more of them become adults, the age of first marriage and the age of first-time home buying has steadily crept up. Now, the recession has slowed them down even more as they struggle to find jobs and become…
Categories: Home Ownership, Real Estate, Recession Economy, Training IndustryAt least 20% of Baby Boomers are helping their Millennial children or grandchildren realize the dream of homeownership, according to a Better Homes and Gardens survey. One in five Boomers surveyed had gifted, loaned, or co-signed in support of a Millennial’s purchase of a home. More than two-thirds expressed a…
Categories: Baby Boomers, Home Ownership, Real Estate, Training IndustryBoomers can be described as two generations in one. Leading Edge Boomers (or Early Boomers, b.1946-1954) and Late Boomers (or “Generation Jones,” b.1955-64) often exhibit different traits and tendencies as consumers. Their current attitudes about real estate highlight the differences between older and younger Boomers perfectly. A recent Coldwell Banker…
Categories: Baby Boomers, Real Estate, Training IndustryA new study by the Bipartisan Policy Center’s Housing Commission sees many Baby Boomers selling their homes as age, downsize, and retire. The study projects that Boomers will divest themselves of as many as 26 million housing units over the next 20 years. The problem is that the generation that…
Categories: Baby Boomers, Home Ownership, Real Estate