Baby Boomers and Millennials: How is the Real Estate Market?
“Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.” -Robert Kiyosaki
One of the many things that Patrick and Amanda have noticed when working together on The San Diego Lifestyle is that although they see a lot of things the same way, they have very different views on a number of topics. This can be challenging, especially as they work through the creation of a virtual guide to San Diego for visitors and locals. Some of these differences are a result of the fact that he is a man and she’s a woman, and that he has a lot more life and business experience than she has. But at a more fundamental level, some of their different views are a result of the fact that she’s a Millennial and he’s a Baby Boomer. Baby Boomers and Millennials have a lot in common, but tend to also disagree on, well, a LOT. They have decided to start a new segment on The San Diego Lifestyle where they will discuss some of their views on a variety of topics. Check out this week’s debate on how the real estate market is doing.
Berkshire Hathaway HomeServices released results of its latest Homeowner Sentiment Survey indicating that current and prospective homeowners remain optimistic about the current state of the U.S. real estate market. Respondents cite higher home values, increasing housing inventory and low interest rates as the main reasons for their optimism. Baby Boomers show more optimism about rates than they used to, and Millennials are unsure that rates are even considered “low.” Patrick and Amanda debate how they feel about the real estate market and mortgage rates, and decide that they both are pretty optimistic about the market here in San Diego!