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Happy Holiday Season and New Year!


Wishing you all the very best for the holiday season and the upcoming new year!


As we approach this special time of year, it is an opportunity to reflect on the moments that have shaped us throughout the past months and years.


The holiday season brings with it a sense of warmth, laughter, togetherness and above all gratitude. Surround yourself with those who matter most and express appreciation for their support and contributions to your journey.


As we look forward to the new year, it is also a moment to set intentions and aspirations for the months ahead.


May the coming year bring you health, prosperity, and opportunities for growth and success in all your endeavors. Let it be a time for new beginnings, where you can chase your dreams and embrace the possibilities that await you.


So, as the holiday lights twinkle and the new year approaches, I extend my heartfelt wishes to you and your loved ones for a joyful celebration and a fulfilling year ahead!



 

Have you heard of the Great Wealth Transfer?


A New Era of Opportunity


In recent years, there’s been a significant shift in how wealth is distributed among generations. It’s called the Great Wealth Transfer.


Over the next 20 years, roughly $84 trillion is expected to change hands from Baby Boomers to Gen X and Millennials.


And as it’s passed down, it’ll impact the housing market because it should help younger generations be in a better position to afford homes.



Historically, the transfer of wealth from one generation to the next was a more gradual process, often limited to smaller amounts of inheritance or family savings. But today, the scale has increased in a big way. As a recent article from Bankrate says:

“The biggest wave of wealth in history is about to pass from Baby Boomers over the next 20 years, and it’s going to have major impacts on many facets of life. Called The Great Wealth Transfer, $84 trillion is poised to move from older Americans to Gen X and millennials. If it’s managed smartly, Americans will be able to grow their wealth and ensure their financial security.”

Basically, as more Baby Boomers retire, sell businesses, or downsize their homes, more substantial assets are being passed down to younger generations. And this creates a powerful ripple effect that’ll continue over the next few decades. The graph below uses data from Merrill and Cerulli Associates to give you an idea of how much inherited money is set to change hands through 2045:



Impact on the Housing Market

One of the most immediate effects of this wealth transfer is on the housing market. Home affordability has been a concern for many aspiring buyers, especially in high-demand areas. The increase in generational wealth is expected to ease some of these challenges by providing future homeowners with greater financial resources. As assets are passed down through generations, buyers may find themselves in a better position to afford homes. Merrill talks about that benefit in a recent article:

“While millennials face steep barriers . . . to buying a first home in many markets, ‘that’s a for-now story, not a forever story’ . . . The Great Wealth Transfer should enable more of them to become homeowners — or trade up or add a second home — either through inherited property or the funds for a down payment.”

Impact on the Economy

But the Great Wealth Transfer doesn’t just impact housing. It’s also going to provide a new avenue for entrepreneurial spirits to fuel economic growth. If someone is looking to start a business and they’re receiving funds like this, that money can used as the necessary capital to start a new company. This helps the next generation of innovators and business owners bring their ideas to life.


Bottom Line

While affordability remains a challenge in today’s housing market, the ongoing Great Wealth Transfer is poised to unlock new opportunities. As wealth is passed down and put to use, it’s expected to ease some of the barriers to homeownership and fuel other entrepreneurial endeavors. 


We believe every family should feel confident when buying and selling a home.








 

Hilton Head Island




Hilton Head Island Highlight Property


A Fixer Upper in

Hilton Head Plantation Oyster Reef Golf Course

Hilton Head Island - (1) Level golf course with pool.


3 Bedroom 3 bath - 2777+-sq ft, Opportunity: Residence, 2nd home or long term rental. Interested in knowing more.


Looking for info on this property or general information about your real estate strategy?



 


Should You Rent Out or Sell Your House?



Figuring out what to do with your house when you're ready to move can be a big decision. Should you sell it and use the money for your next adventure, or keep it as a rental to build long-term wealth?




 

What’s Next for Home Prices and Mortgage Rates?



If you’re thinking of making a move this year, there are two housing market factors that are probably on your mind: home prices and mortgage rates.


One reliable place you can turn to for information on home price forecasts is the Home Price Expectations Survey from Fannie Mae – a survey of over one hundred economists, real estate experts, and investment and market strategists.


According to the most recent release, experts are projecting home prices will continue to rise at least through 2028 (see the graph below):



 

Unlocking the Benefits of Your Home's Equity



Equity is the difference between what your house is worth and what you still owe on your mortgage. The typical homeowner gained...





 
 




 
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