Millennials are projected to overtake baby boomers

Market Trends

As a Millennial Realtor, there is no doubt I am constantly paying attention to our generation and it's real estate trends. I thought I should share some interesting projections for this year.

Sometime this year, millennials are projected to overtake baby boomers as the largest living adult generation in America. By 2030, millennials will hold five times as much wealth as they have today, and are expected to inherit over $68 trillion from their predecessors in The Great Transfer of Wealth.

In order to help luxury real estate professionals better understand this influential group of current and future homebuyers, the Coldwell Banker Global Luxury® program has partnered with WealthEngine to analyze key aspects of the millennial millionaire lifestyle, including wealth creation, philanthropy, property investments, spending trends and more. Click Image below to read report: