Welcome to the Indra-Group.com Blog

2016-09-27 12:07:53
Baby Boomers vs. Millennials on Housing Market

“Real estate investing, even on a very small scale, remains a tried and true means of building an individual's cash flow and wealth.” -Robert Kiyosaki


Berkshire Hathaway HomeServices released results of its latest Homeowner Sentiment Survey indicating that current and prospective homeowners remain optimistic about the current state of the U.S. real estate market. Respondents cite higher home values, increasing housing inventory and low interest rates as the main reasons for their optimism. Baby Boomers show more optimism about rates than they used to, and Millennials are unsure that rates are even considered 'low.' Patrick Henry, CEO of QuestFusion, a business consulting firm here in San Diego laughs out loud at this, stating that Millennials have no idea how low the rates really are. Patrick and Amanda Cascadden, Realtor with Berkshire Hathaway Homeservices in Rancho Santa Fe, debate how they feel about the real estate market and mortgage rates in this video; take a look:


Millennials are a lot more optimistic about the market these days. They believe that owning a home is a big part of the American dream, and Amanda believes that they want to own a home, whether it takes longer, and even if they can’t really afford it. Even where she lives in Carmel Valley now, they’re building everywhere, and these homes are selling. Older Millennials who have established themselves and started a family, are getting excited to buy a home in San Diego.

Patrick says what he has seen since the recession in late 2009 is that the home market has never really fully recovered and he feels the homeowners are kind of stuck in an interesting issue. They don’t want to have a foreclosure or a short sale, but their homes are worth more than what they paid for them. He thinks that causes a problem, even with interest rates as low as they are. So why are Baby Boomers more excited than they have been in the past to own a home? “The economy is ok, we are in a slow growing economy, the Fed isn’t defaulting on our trillions and trillions of dollars debt, so things are getting better. Boomers are more worried about things like that,” says Patrick. He also thinks that real estate is very hyperlocal, and the markets differ greatly from area to area. 

If you look at the local San Diego market, where homes are above $2 million, the market is slower. Whereas the homes priced lower than $1 million seem to be getting a lot more action. Except on the coast, where properties are going quick no matter what the price is. There is a pretty good balance of supply and demand, so as long as your planning to live somewhere for 10 years or so, owning a home is a very good thing. 

How do you feel? Is the real estate market booming? Or is the lack of excitement from Baby Boomers getting you down? We’d love to hear from you, and if you’re looking to buy or sell in San Diego, consider the Indra Group. We work with clients in all price ranges, and are happy to talk with you anytime about your homeownership goals and how we can help you achieve them.



Blog Archive
2018-10-30 13:18:18
How is the Market in Fairbanks Ranch, Rancho Santa Fe?

2018-10-04 16:10:10
Wow! The Covenant in Rancho Santa Fe is back on the Buyers Radar!

2018-10-04 15:26:48
Fire Mountain Oceanside might just be the best performing neighborhood in San Diego County!

2018-06-02 12:53:34
Meet the INDRA Real Estate Group

2018-04-23 15:33:03
Fire Mountain Home Oceanside

2018-03-19 14:18:02
How did Real Estate Market Prices Develop since 2011 in San Diego?

2018-03-13 17:33:12
Home for sale in Heritage Community Poway

2018-03-13 16:40:22
Sunset Hills Oceanside California

2018-02-27 13:44:27
New to Market Windward Community Oceanside

2018-02-18 08:22:36
Tax Reform Facts from C.A.R - Important Links and Things to Know in Southern California

2018-02-18 08:12:35
California Sales to Foreign Buyers

2018-01-09 15:11:07
Top 10 Restaurants in Oceanside

2018-01-09 14:34:11
HomeDex December 2017 by Kathe Lang and the INDRA Group Rancho Santa Fe

2018-01-08 15:07:20
HomeDex 2017 San Diego Housing Market

2017-12-01 14:40:34
Coastal Community of Capo Beach - in Dana Point

2017-11-06 18:35:28
BLOG - 38 Things Realtors Do When You’re Not Looking

2017-10-26 08:47:30

2017-10-21 09:34:30
Is Renting Out Your Home The Best Option?

2017-10-17 12:59:01
10 Reasons to Hire The INDRA Real Estate Group

2017-09-06 15:28:17
GEEK-OUT on San Diego Monthly Housing Statistics

2017-08-29 13:25:30

2017-08-02 10:36:10
Windward Mist New Construction in Oceanside, CA

2017-04-13 17:20:14
Sunset Event at 35501 Camino Capistrano | Dana Poi

2017-03-23 13:49:58
SUCCESSFUL Selling in San Diego!

2017-03-07 10:52:04
MARCH - Buying Season with The INDRA Group

Click here to see ALL articles.

Comment on this Article

Your Name:
Your Email:
Verify:  Please enter the numbers shown to help eliminate spam.