Luke Barnesmoore’s Post

Will a Silver Tsunami Change the 2024 Housing Market? Have you ever heard the term “Silver Tsunami” and wondered what it's all about? If so, that might be because there’s been lot of talk about it online recently. Let's dive into what it is and why it won't drastically impact the housing market. What Does Silver Tsunami Mean? A recent article from HousingWire calls it: “. . . a colloquialism referring to aging Americans changing their housing arrangements to accommodate aging . . .” The thought is that as baby boomers grow older, a significant number will start... #realestate #homeownership #homebuying Contact Deluxive Homes! www.deluxivehomes.com

Interesting read with your morning coffee ☕ A Redfin survey of older American homeowners (aged 60 and over) revealed that more than three-quarters of this group will consider staying in their current home as they age — or are already aging in place. About 27% of these respondents who aren’t planning to sell their home anytime soon said it’s because their home is completely or almost paid off, while 21% say they’re staying put because home prices are now too high. #babyboomers #housing #realestate Redfin

As Baby Boomers seek to cash in on their equity, downsize, or transition to other living arrangements, these factors will come into play with the influx of homes hitting the market over the next decade. This increase in the housing supply may help to create a solution for the increasing demand for homes and help to bring prices down as more homes come on the market. Read more below ⬇️ The articles are available to share with your audience! #RWorld #rworldfl #realtors #realestateblog #dailyread #rworldpulse #babyboomers #market #housing #supply #genz #solutions

It is challenging to interpret statistics reporting the growing number and share of older people living with unrelated persons. These relationships often include unrelated partners living together for romantic or related reasons—the fastest-growing group of shared households. These relationships also include same-sex romantic partners made possible by a more enlightened society. In both instances, they are not motivated by unmet caregiving needs. However, there is no question that these household relationships reduce the risk of loneliness and reduce affordability problems. Let’s remember, however, the consistent findings of life-span psychologists who emphasize how achieving control over one’s life and environment is essential to the majority of older people’s aging optimally. Sharing a dwelling with older or younger strangers with potentially incompatible habits and behaviors, who may be in transient and unstable stages in their lives, will not be a viable living arrangement pathway for most aging adults.

The article doesn't speak to an aging in place rather "aging out". It's imperative we find ways to keep our boomers and elderly population as part of the communities they've helped cultivate and build. I got some ideas! 🏘 🏘 🏘 (5 minimum) Middle housing has the ability to providing full accessible aging at grade solution + introduce housing diversity and affordability to young families and students if done right. We need collaboration from all levels of government! https://lnkd.in/ghfgWnMW

According to the 2021 Profile of #Older Americans, 27% (15.2 million) aged 65 and older lived #alone in 2021. This percentage increases with age and predominantly affects #women, 43% of whom live alone past age 75. Home sharing is an alternative housing option for people of any age, akin to roommates, where two or more people occupy the same living space and cohabitate in a mutually beneficial agreement. The concept of roommates is not new, but due to increasingly expensive housing costs and limited budgets for older adults, more retirees like Atchison are sharing their homes, allowing them to age in place at home while reducing housing costs and mitigating social isolation. https://lnkd.in/e5Wc8FNh

While Baby Boomers hold a significant portion of the nation's wealth and homeownership, they are also expected to contribute to the largest pool of available homes in the coming decade. In 2019, there were 32 million Baby Boomer homeowners in the US, and this generation is projected to supply approximately 4.4 million existing homes for sale each year over the next decade. 🏡📈 Source: NAR CA DRE# 02172821 #BeverlyHillsRealEstate #BeverlyHills #compass #compassLA #LA #LosAngeles #BeverlyHillshouse #BeverlyHillshome #BeverlyHillsrealtor #DannyHizami #Homeownership #LosAngeleshouse #LosAngeleshome #LosAngelesrealtor #LosAngelesrealestate #RealEstateTrends #BabyBoomers #HousingMarket

As a Senior Real Estate Specialist, we know Baby Boomers are retiring later. So they will keep their homes longer. Read what this will do for the housing market going forward. Want to downsize? Rightsize? Have a new lifestyle. Reach out and see how I can help with a free consultation. #downsizing #rightsizing #seniorliving #sheilafitzersothebys #thousandoaks #westlake #agoura #seniorrealestatespecialist

“There is a perception that those who live with their parents… are either bums or people who are not hard-working.” 68% of Gen Z-ers (born between 1995 and 2012, making them 12 to 29 years old) 20% of Millennials (born between 1980 and 1994, making them 30 to 44 years old) And more than 40% expect to continue to live with family for at least the next 2 years. 37 million Americans—most of whom are old enough to vote and buy beer, guns, and cigarettes—are living in multi-generational housing. Work-ethic doesn’t seem to a likely common denominator for a group that size… https://lnkd.in/eCwkeB-c

In this article, we dive into the complex issue of the housing crisis, which is tightening its grip on individuals of all ages. Millennials are finding it increasingly difficult to afford their first homes, while Generation X is grappling with the sandwich generation dilemma. Even Baby Boomers are feeling the squeeze as they look to downsize or find more manageable living arrangements. Click the link to read more. #HousingCrisis #AffordableHousing #GenerationalImpact #InnovativeSolutions https://lnkd.in/gJGNFdmZ