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Beverly hills real estate agent | Erik Brown | Realtor Agency

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Beverly hills real estate agent | Erik Brown | Realtor Agency

Beverly Hills luxury real estate | Erik Brown

  • HOME SEARCH
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        • Brentwood
        • Holmby Hills
        • Malibu
        • Trousdale Estate
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A Titanic Market Shift is Ahead

A Titanic Market Shift is Ahead | Beverly Hills Home Tips

By

Erik Brown

Posted in Video Blogs On March 29, 2021

A Titanic Market Shift is Ahead

Today I’ve been thinking about this topic a lot. I get asked how’s the market so frequently and especially around this time of year I always like to look at the trends that are moving forward in the marketplace in one of the big ones a massive Titanic shift that. We’re going to see is the difference between baby boomers and Millennials and the difference between those two types of home buyers and home sellers. So let’s start with baby boomers were born between the 40s and the 60s there’s over 70 million of them and they’re starting to downsize they’re starting to move on to different types of housing anything from smaller homes to assisted living and unfortunately, they’re also starting to pass away as they age and so as we see that demographic start to shift in the market.


We also see the Millennials that are in their 20s and 30s and when they graduated high school and college they walked right into a recession wasn’t like me I was able to walk right into a professional career immediately but with Millennials, they walked into a very different economic structure and so because of that their view on housing is different many of them have been renting in fact we just had a 51 year low for the percentage of Americans that own homes and that were primarily because of our confidence in the marketplace.


The recession in general but that is all starting to change now the interesting thing about Millennials is there are over 80 million of them more than the baby boomers themselves and so if you see one group starting to decrease in another group starting to increase in regards to homeownership. It’s going to be a major shift now what Millennials will want to consider or look at is the fact that their job market is a little bit different than it was in previous decades or generations and also they’re carrying more school debt than any generation before them and so these shifts will call come into play into the trends that we are experiencing in real estate.
If you’d like to talk about this further or learn a little bit more about how that will look in the next year or two years or five years please do touch base anytime and as always if you’re ever interested in finding out what your home is worth or want to see new homes in the marketplace 

Compass

Erik Brown

Realtor/ Broker (BRE: 01958545)

Beverly Hills: 424-239-6519

Minneapolis: 612-294-044

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About Erik Brown

Erik Brown realtor

Hilton, Rolls Royce, Versace Chateau Rothschild

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Equal Housing Opportunity In Beverly Hills Real Estate
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All material presented herein is intended for information purposes only. While this information is believed to be correct, it is represented subject to errors, omissions, changes, or withdrawal without notice. All property information, including, but not limited to square footage, room count, the number of bedrooms, and the school district in property listings should be verified by your own attorney, architect, or zoning expert.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to the accuracy of any description. All measurements and square footage are approximate.

Erik Brown, Realtor, Compass, DRE: 01958545. All Right Reserved

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