Baby Boomers Regain Top Spot as Largest Share of Home Buyers

 




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Introduction: Baby Boomers Dominate Home Buying
Baby Boomers are the largest share of home buyers in the United States. It's baby boomers, not you, younger millennials and Gen X and Gen Z, and Gen Y. I'm not part of the baby boomer generation. National Home Association of Realtors 2025 Home Buyers and Sellers. Generational trends report.

The report states that boomers are 42% of all home buyers. That's mostly because boomers are more set in their ways. Maybe they're empty nesting, maybe they're just going on and buying other properties for their kids, that kind of thing. But yep, there you go. 

Millennials' Shift to Renting

Millennials dropped to 29% of all buyers, down notably from 38%.

Millennials are just deciding to rent, they're like, I'm not gonna pay these crazy high prices. I'm not ready to do that. I'd rather just rent. And I'm visualizing my niece and my son, they're both renting apartments, and I get it. They wanna be flexible.

They want the ability to move on, and they're not ready to. Settle down and have a family yet. I get it. I totally get it. And they were both born in 2002, so I guess that would make them millennials. I think once they settle down, which they're probably gonna settle down later, get married later, have children later, 

So that's my mindset. At least that's where I'm seeing it. Poof, positive. Here you go. 

Report Access and Blog Promotion

There's your report. If you wanna read this report, you're very welcome to the link. It is in my blog, and the blog is linked to the description. If you don't go to it, just go to ano.com.

You'll see it. Alright, there you go. 





Sponsored Segment: Home Inspection Checklist
This episode is brought to you by the home inspection checklist. Download it. You won't be sorry. 



California Real Estate Market Overview
Wednesday distressed, REO. All California. We have 208 up from just, I don't know, like 1, 99 or something. 180 9. But the ones we had were three in San Jose last week or two weeks ago.

And here you go, Carmen Court. Let's take a quick look. Nothing really great about it. It's right against the freeway. Four bedroom, two and a half bath. 1,474 square feet. Not my listing. And the HOA is $400 a month. It's crazy. California is out of control. I just bought a.

House or just got in the contract on the house in Nevada, in Henderson, south of Las Vegas. And the HOA dues there are pretty reasonable. I know we have insurance costs here. But if there are no amenities, this is ridiculous. California really needs to buckle down and talk about insurance.

And HOA regulations. It's a non-regulated body. Here in California, there's an association that's all about making more money for the HOA management companies. I'm not really happy about that. So my HOA is 79 or $89 a month, and it's in a retirement community with a golf course, a community center, and all sorts of stuff.

It's for older people. Baby boomers. So it's just one of those things where you live in California, high cost of living. There you go. 



House Listings and Reviews
House for sale near Apple, Meadowlark Lane, not my listing. $2.6 million. Four bedroom, three bath, 2000 square feet. Built in 1958.

Let's take a quick look inside, and this one's pretty close. It's walking distance to the Apple campus, which is why you're paying for it. Nicely updated. It looks like they flipped it.

Yeah, this new brass, I'm not a big fan of it. I still go towards the rub bronze or stainless steel. To me, this is just something that's going to get dated really quick. The light plastic laminate flooring. Not a fan of it. You got puck lights in. That's nice. But this feels like it was flipped. That's a nice picture of a closet. Thank you for putting the floor plan in. That's nice. Looks like they completely gutted it. Look at that. They took it, they totally gutted it. Good for them. And they did a floor plan. So, thank you for doing that.

I know most agents aren't doing this yet, but you should consider really doing this. Not a great floor plan, but it is what it is. I feel like it's a little chunky. A little tiny. For how many square feet? 2000 square feet.




Mountain View Home of the Week, this little guy, $2.3 million, two bedroom, two bath, 1300 square feet, built in 1926. It is 99 years old with a 5,000 square foot lot on Villa Street in Mountain View. And the reason why I picked it, it is walking distance to Castro. Let's take a look at this little guy. Cute little Chateau Cottage type.

Nicely updated. Looks like they flipped it. Nice. I like this. It's funny, it's like I'm in between, I'm a do-it-yourselfer. I'm the kind of guy who would rather put equity into the house with my sweat and efforts versus have somebody else do it. But sometimes if you do it right, it's not so bad.

And again, thank you for doing the floor plan. It's a long, dining room, living room, bedroom, kitchen, and family bath. It's a two-bedroom. There's not much you can do with it, but the one that we bought was completely turnkey, flipped. They bought it in February, and it was so nicely done.

And I can tell that you do good quality workmanship. I'm okay doing it. But one of the first houses we looked at was flipped, and it was shoddy workmanship. There were paint drips all over the cement. There was a baseboard that was pulling apart because it was not cut. Just, and then they had the waterfall counter, but there were still some things in it.

So I'm not, when I look at stuff like that, it takes my eye away from everything else, and that's all I focus on. I would rather buy a do-it-yourself home or an as-is home, and do it my way. Put my colors in and put my floors in, then buy somebody's shoddy. Workmanship. But the one that we wound up buying for my parents.

It is completely turnkey and done really well. This guy who bought flips does it, and he has a good team that does it. I tried to look for stuff that was wrong with it, but I didn't see anything wrong with it at all. He creates a good product, so it's good for him.

Okay. 

Market Trends and Analysis
40 days on market. We're at 1 0 7. It's jumping up a little bit. The market's slowing down a bit. That's what you're experiencing. Let me know, put it down in the comments down below, 90 days on Market 41, it's the same thing. Bank owned 69 down a little bit and res all of California, which we looked at is 208.
Down from two 14, for sale in San Jose is 500. We're halfway to the meeting point. And Santa Clara, we're about 60% of where we need to be for the 2000 or balanced market. Here's your 40-dayon-markett chart, and your San Jose Homes for Sale pending chart. We're not exactly at the year high right now.
The year high was 5 33, and we're at 4 87, and it's the same thing here. It makes it look like we're, oh, we are at 118,5 and the high in the last year was 1138. So we're at a high. We're seeing numbers increase. We're seeing volume increase, but could that be because the market's slowing? I don't know.

We'll see. 



Thanks for watching Abido with Abano. We'll see you out there. 



🔴 Renters losing MORE than Rent! (Bay Area Median Home Prices) https://youtu.be/VwLrwX2YuHo?t=41



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Vito Scarnecchia

Real Estate Broker, Veteran, Dad

DRE#: 01407676

408-705-6817

Vito@abitano.com

Update your home value: https://hmbt.co/bT7qRJ      

FREE DESKTOP APPRAISAL https://www.propertyrate.com/agent/vitoscarnecchiaIf you are moving ANYWHERE in the world - Let me know! I know a LOT of AMAZING Agents!





🔴 Willow Glen's five most expensive homes https://youtu.be/3A_E2ck0ePg


 



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