Good Morning Everyone,

A few years ago, one could not pick up a paper, a magazine, or digital press without reading the words, Silver Tsunami. Well, it hasn’t gone away, but for some reason, this subject is not very SEO compliant. Well, I’m here to bring it back. Baby Boomers are not going away anytime soon!

Here’s the scoop. About 10,000 Boomers turn 65 every day. Boomers were born between 1946 and 1964. 1957 Enjoyed the births of more babies than any other year in US records. This year, the oldest Boomers are turning 80, and the youngest are turning 62; it will be an interesting time. One of the areas that affects real estate is “Aging in Place”. That little cottage down the street may not be on the market for many more years. Boomers want to stay home! There is somewhere between $45T and $125T ready for the “Great Wealth Transfer”. Home Equity and a Treasure Chest will be rolling over to younger generations like never before. On the sad side of this story, about 7,700 Boomers pass away every day. Demographics play a huge role in residential real estate. Let’s pay attention to this.

What happened in the last 7 days in Single Family Residential Real Estate in the Denver Area Market?

Compared to the same time last year, we have fewer active listings today. With 6,657 Total Active Single-Family Listings, we are up about 200 over last week. This is not impactful, but we need to watch this as we move into the “long day season”.

Denver’s Residential Market is suffering in the attached/condo/townhome segment due to oversupply. Will this trickle up into the Single-Family Market? We will be watching this very closely.

When we look at the Denver Market over the last decade and all the way back into the Great Recession Years, we have learned and still remember liberal lending practices, rampant builder inventory growth, and a large pool of real estate professionals needing deals to survive. The potential always exists for a residential market collapse. We are focused on this every day.

Next week, I’ll give you my list of market change indicators. In the meantime, “failure to plan is a plan for failure”. TheCryerTeam@Kentwood.com 303-773-3399