Klinge Realty Group

We may think that boomers are wealthy and will be showering cash all over the real estate market for decades to come. But that won’t impact the supply – especially if they just age-in-place for the next 20-30 years! We need them to move – and soon, before they get too old.

This article describes some of the complications – an excerpt:

"The reason boomers don’t move isn’t just sentiment: Most boomer homeowners (about 54%) have no mortgage at all, so there’s little financial pressure to sell. A Redfin analysis of 2024 Census data found that empty-nest baby boomers (one- to two-adult households) own 28% of U.S. homes with three or more bedrooms, compared with 16% for millennial households with kids.

At one end is the anxious, under-saved retiree doing everything possible to stretch limited assets. At the other is the California homeowner who bought for just over $1 million and now sits on a home worth more than $4 million—but worries that selling would trigger close to $1 million in combined federal and state taxes. In the middle is a broad group that describes itself as “fine, but not secure” and treats staying in place—physically and professionally—as the only rational option."

What would it take for you to move? We have bridge financing so you can buy before you sell. You can also get a 5-year mortgage for 5.5% for those who are confident about paying it off in the next few years.

Is it just because you are reluctant to leave town? Or pay the taxes? If I moved, would you? I’m thinking about it!

Read more: https://www.bubbleinfo.com/2026/06/09/not-golden-for-all/

There was a big drop-off in sales last month, compared to April. But those April sales were the highest monthly total on the chart, and probably the most since rates started to rise.

There were 28% of the May sales that closed for more than their list price!

Only ten of the 160 sales had zero days-on-market, which makes me think that the topic of off-market sales is a novelty and not likely to move the overall market. They are lucky sales.