Hey everyone, I've got some thrilling news about a game-changing trend in the real estate industry.
Meet the "Silver Tsunami."
Get this: 51% of individuals aged 50 and above are gearing up to downsize. Brace yourselves because this wave kicks off in late 2024, gains momentum in 2025, and is expected to roll in for decades, unleashing an estimated 30 million homes onto the market.
Just to put things in perspective, we currently have around seven to eight hundred thousand homes available.
Now, imagine an additional 30 million hitting the market in the next 10, 15, or 20 years. That's a colossal opportunity!
So, the big question: are you targeting these silver tsunami sellers?
Take me, for instance. I'm 54 and just sold my home—right in the sweet spot. Many individuals like me, empty nesters whose kids have flown the coop, are looking to downsize. This demographic is about to create a flood of opportunities in our market.
Now,...
Roughly 2.7 million U.S. adults moved in with a parent or grandparent in March and April as the coronavirus pandemic spread, potentially costing landlords hundreds of millions of dollars in monthly rent payments.
Here is the breakdown:
+ There were 32 million adults living with their parents or grandparents in April, the highest number on record.
+ More than 80% of those who recently moved back in with their parents are Gen Zers.
See graph here: https://www.zillow.com/research/coron...
How does this affect the real estate market? The demand for larger houses will be increasing as multi-generational households increase. Watch this quick video for details...
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