Kingston Market Update July 28, 2022

Here’s why boomers should love millenials. Because millennials are going to pay for our retirement.

They are the biggest demographic right now that’s out there looking for homes. And they’re all reaching home-buying age. They’re turning 30 plus. They’re having babies. They’re getting married. They’re doing all those things. And we don’t have enough homes for them.

And even if new construction explodes right now, it’s going to take years to catch up. So we’re concerned about interest rates but I think that the demand for millennials is outpacing the concern about interest rates and it’s keeping our home prices nice and steady.

So if you see a millennial today, give them a hug and offer them your house.

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