BrokerPulse

RealTrends Q32021 BrokerPulse sees brokers still optimistic about the market, wary of competition and wondering when inventory will rise.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

@properties leaders poised for strategic growth

Mike Golden and Thad Wong, co-founders of @properties talk growth through franchising.

Newsletter

The RealTrends BrokerSource and HousingWire OpenHouse newsletters deliver twice weekly information on trends, strategies, analysis, people, and news shaping the real estate industry.

How Millennials Are Threatening The Baby Boomer Housing Empire

They say to raise a child from birth to the age of 18, a parent will spend approximately $233,610 per child.  Most parents can expect to double that amount since the average number of kids per family in 2017 was 1.9. Also, due to expensive housing markets, many millennials are moving back home to save money after college. At the end of the day, I wouldn’t bank on the number above on being entirely accurate.

Let’s break the numbers down even further. The average 20-something with student loan debt is looking at having an average balance of about $22,135 at time of graduation.  If married, then double that number.  Match that with what a college graduate can expect to earn at their first job  ($50,390 ), and it’s easy to see how simultaneously starting a family and saving for a down payment may seem overwhelming.

Baby Boomer Housing Empire

Millennials are feeling as if they need to choose one at a time due to finances, and, in many markets, affording to do both does seem out of reach.

So, what has caused this significant drop in birth rate? Is it economics? Is it student debt? Other life choices? Read the recently publish Zillow report to gather more insights.

 

 

 

 

 

 

 

Most Popular Articles

Real estate leaders: Keep close eye on proposed legislation

In this edition of RealTrending, Steve Murray, senior advisor to RealTrends, talks about private property rights and how a case in Berlin, Germany, tells a story of what could happen here in the U.S.

Sep 20, 2021 By