Blue Metric Group’s Post

Here is a piece on the varying housing priorities for the various generations active in the US housing market today. I use the word priorities in recognition that not everyone in such big generations is at the same point of action. But a lot are (or thinking about it). Boomers are looking for homes to retire or downshift and continue working as they age, preferably near friends/family. Gen X is still working. If looking, their priority is a home designed for their wants/needs or that can accommodate multi-generational living. Millennials are looking to move up from starter homes. Gen Z is looking to buy their first home. The US continues to grow, creating demand for housing of all types from various life stages. Understanding your consumers' housing needs/preferences will help develop strategies to address them effectively. #jbrec #nhti #generations #housing #homebuying #consumer #Boomers #GenX #Millennials #GenZ Brookfield Properties Brookfield Residential Tri Pointe Homes Classic Homes #Kiper

The self-storage market is highly fragmented. Only 18% of facilities are owned by the six largest publicly traded REITs, and another 9-10% by the top 100 operators, including myself. This means around 70% are owned by mom-and-pop operators. Baby boomers are retiring en masse—15,000 to 16,000 people daily—downsizing from large homes to condos and townhomes, storing their excess belongings. Older boomers often place their possessions in storage when moving to assisted living or passing away. Millennials prefer smaller residences (700-1500 sq ft) near urban amenities, using storage units as extra closets due to high housing costs. Learn more at: https://www.ssse.com #SelfStorage #SelfStorageInvesting #PassiveInvesting #SelfStorageFund #investinginselfstorage #investmentopportunities #investing #selfstoragetips #selfstorageindustry #realestateinvesting

The self-storage market is highly fragmented. Only 18% of facilities are owned by the six largest publicly traded REITs, and another 9-10% by the top 100 operators, including myself. This means around 70% are owned by mom-and-pop operators. Baby boomers are retiring en masse—15,000 to 16,000 people daily—downsizing from large homes to condos and townhomes, storing their excess belongings. Older boomers often place their possessions in storage when moving to assisted living or passing away. Millennials prefer smaller residences (700-1500 sq ft) near urban amenities, using storage units as extra closets due to high housing costs. Learn more at: https://www.ssse.com #SelfStorage #SelfStorageInvesting #PassiveInvesting #SelfStorageFund #investinginselfstorage #investmentopportunities #investing #selfstoragetips #selfstorageindustry #realestateinvesting

With Millennials and Gen Z making up the largest portion of renters today, a shift has naturally occurred regarding the wants and needs of apartment living for this demographic. With the addition of hybrid and work-from-home models since the pandemic, many sought out a place to live with more privacy and space at the same cost of living. However, many are still unwilling or unable to own their own home, with high interest rates and rocky economic conditions deterring them from officially leaving the rental market. Additionally, Baby Boomers and even Gen X have also shown interest in renting BTR as many are selling their own homes to reduce maintenance costs while others have a desire to live closer to their children and grandchildren. These realities combined have naturally became the gasoline for the build-to-rent (BTR) market, as its development has increased 10x in the last decade. Setting aside the demand of modern renters, it's actually a win-win scenario for investors and owners, too. And many property management companies, including ResMan customers like Mark-Taylor, Inc., are investing, too. "We’re proud to be early pioneers with this product class," says Dustin Lacey, Vice President of Marketing & Technology at Mark-Taylor, Inc. Read the history, benefits, and future of BTR in rental housing in our latest blog: https://hubs.li/Q02pVx_F0 #buildtorent #buildforrent #multifamily #rentalhousing #propertymanagement

With Millennials and Gen Z making up the largest portion of renters today, a shift has naturally occurred regarding the wants and needs of apartment living for this demographic. With the addition of hybrid and work-from-home models since the pandemic, many sought out a place to live with more privacy and space at the same cost of living. However, many are still unwilling or unable to own their own home, with high interest rates and rocky economic conditions deterring them from officially leaving the rental market. Additionally, Baby Boomers and even Gen X have also shown interest in renting BTR as many are selling their own homes to reduce maintenance costs while others have a desire to live closer to their children and grandchildren. These realities combined have naturally became the gasoline for the build-to-rent (BTR) market, as its development has increased 10x in the last decade. Setting aside the demand of modern renters, it's actually a win-win scenario for investors and owners, too. And many property management companies, including ResMan customers like Mark-Taylor, Inc., are investing, too. "We’re proud to be early pioneers with this product class," says Dustin Lacey, Vice President of Marketing & Technology at Mark-Taylor, Inc. Read the history, benefits, and future of BTR in rental housing in our latest blog: https://lnkd.in/gWU57vHG #buildtorent #buildforrent #multifamily #rentalhousing #propertymanagement

With Millennials and Gen Z making up the largest portion of renters today, a shift has naturally occurred regarding the wants and needs of apartment living for this demographic. With the addition of hybrid and work-from-home models since the pandemic, many sought out a place to live with more privacy and space at the same cost of living. However, many are still unwilling or unable to own their own home, with high interest rates and rocky economic conditions deterring them from officially leaving the rental market. Additionally, Baby Boomers and even Gen X have also shown interest in renting BTR as many are selling their own homes to reduce maintenance costs while others have a desire to live closer to their children and grandchildren. These realities combined have naturally became the gasoline for the build-to-rent (BTR) market, as its development has increased 10x in the last decade. Setting aside the demand of modern renters, it's actually a win-win scenario for investors and owners, too. And many property management companies, including ResMan customers like Mark-Taylor, Inc., are investing, too. "We’re proud to be early pioneers with this product class," says Dustin Lacey, Vice President of Marketing & Technology at Mark-Taylor, Inc. Read the history, benefits, and future of BTR in rental housing in our latest blog: https://lnkd.in/gUPudr2s #buildtorent #buildforrent #multifamily #rentalhousing #propertymanagement

Are we really that different when it comes to home-buying priorities? Surprisingly, both Gen Z and Baby Boomers are prioritizing similar factors in their search for the perfect home. Affordability and space remain at the forefront, as both generations seek homes within walkable communities filled with amenities. Gen Z values sustainability and energy efficiency, looking for features like electric charging stations and remote work accommodations. Meanwhile, Baby Boomers are focused on low-maintenance living and accessibility features. Then there’s Gen X and Millennials, who are balancing families and work. They often desire homes near good schools and appreciate open floor plans that can adapt as their life situations change. As real estate professionals, adapting our approach to meet the unique needs of each generation is essential. Understanding clients’ budgets, future needs, and lifestyle preferences is key to guiding them effectively through the buying or selling process. The market is diverse, but our goal is the same—helping clients find the right home for their journey. #RealEstateTrends #GenerationalInsights #HomeBuying #ClientNeeds #FloridaRealtor #MarketAdaptation

Boomers Moving Will Be More Like a Gentle Tide Than a Tsunami Have you heard the term “Silver Tsunami” getting tossed around recently? If so, here’s what you really need to know. That phrase refers to the idea that a lot of baby boomers are going to move or downsize all at once. And the fear is that a sudden influx of homes for sale would have a big impact on housing. That’s because it would create a whole lot more competition for smaller homes and would throw off the balance of supply and demand, which ultimately would impact home prices. For more information click the link below: https://lnkd.in/e3DqEY74 #RealEstate, #luxury, #luxuryrealestate, #florida, #FortLauderdale,#miami, #fernandopaiz, #karenpaiz,#realtors, #buying, #selling, #BHHS, #BerkshireHathawayHomeServices, #EWMRealty, #wewillsellyourhomeguarantee

Excellent article highlighting how the 55+ crowd prioritizes convenience and lifestyle in their housing decisions. The "lock 'n leave" trend is gaining traction, notably among snowbirds in the Midwest. #BTR #SFR #HousingTrends #55Plus #Convenience #Lifestyle

Did you know baby boomers own 25% of all large homes in the U.S., yet many aren't planning to sell? 🏡 According to a recent survey by Clever Real Estate, 54% of boomers intend to stay in their homes for life. This trend is reshaping the housing market, affecting both inventory and buyer opportunities. Wondering how this shift impacts your buying or selling strategy? Let's connect — I have the insights and expertise to guide you through today's evolving market. 🔗 Read more: https://lnkd.in/ed7PDDA2 #BabyBoomers #HousingMarket #RealEstateTrends #HomeOwnership #MarketInsights