January 31, 2025 - 05:09
If you’re a millennial or a Gen Xer, you’ve likely heard a lot about the looming “Great Wealth Transfer.” This anticipated event, where baby boomers are expected to pass down significant wealth to younger generations, is facing unexpected hurdles. Despite the staggering $84 trillion in real estate assets owned by boomers, many are reluctant to relinquish control of their properties.
Several factors contribute to this hesitation. For one, many boomers view real estate as a stable investment and a source of income during retirement. Additionally, emotional attachments to homes where they raised families can make the decision to sell or transfer ownership difficult.
Furthermore, economic uncertainties and fluctuating housing markets have made boomers cautious about divesting their assets. As a result, millennials and Gen Xers may find themselves waiting longer than expected for this wealth to become accessible. The implications of this delay could reshape financial planning and homeownership opportunities for younger generations.
July 30, 2025 - 09:45
Real Estate Transactions in Lucas County: July 18-24, 2025In the week spanning July 18 to July 24, 2025, several notable real estate transactions took place in Lucas County, highlighting the ongoing activity in the local property market. One significant...
July 29, 2025 - 22:02
Record-Breaking Sale: Dr. Nicole Martin's Waterfront Mansion Sold for $40 MillionIn a stunning real estate transaction, Dr. Nicole Martin`s luxurious waterfront mansion in Coral Gables has been sold for an astounding $40 million. This sale marks a new record for the area,...
July 29, 2025 - 02:07
Positive Changes on the Horizon for Real Estate AppraisersIn a significant shift for the real estate appraisal industry, professionals who have long faced challenges and abuse are beginning to see a glimmer of hope for improvement. The landscape for...
July 28, 2025 - 08:18
Groundbreaking Ceremony for New 312-Unit Residential Development in Lexington, MALEXINGTON, Mass.— A significant milestone has been reached as construction has officially commenced on a new residential project featuring 312 mixed-income units at 17 Hartwell Avenue. This...