Different Demographics . . . Different Schedules Part of being a bona fide, “in-the-know” Twin Cities local isn’t just knowing where to get the best weekend brunch with/for a bunch of kids — but when. So, 9 a.m. Sunday is a great time to go to the Egg & I on Lyndale in The Wedge, while all the resident, nearby Gen...Read More
Millennial Subcategory: “Baby Boomerangers” One of the factors holding back the housing market is the (relative) dearth of first-time Buyers. Typically, such Buyers account for 40% of all residential real estate sales; the last few years, however, the percentage is closer to 33% (one-third). What accounts for the slippage? Three Theories Given that the average...Read More
Home Trends 2010: ‘Don’t Call it a Basement’ First, some background: The big trends in housing at the moment are being driven by technology, demographics, and economics (primarily, the Recession, and secondarily, energy costs). Demographics: lots of upper bracket Baby Boomers — ages 50-65 and on the verge of becoming “empty nesters” — are suddenly...Read More
