Piedmont, CA (PRWEB) November 26, 2014
According to a release(1) from the National Association of Realtors® (NAR) earlier this month, realtors are preparing for the explosion of Millennials onto the housing market as the economy continues to improve. Although slower to break into real estate, this generation – aged 18 to 33 – is beginning to benefit from the recovery. "Millennials are the largest generation of people in the U.S. and represent 60 percent of first-time homebuyers,” said Jonathan Smoke, chief economist for realtor.com®. “They are also more likely than any other group to purchase a home in the next year."
“While Millennials are the primary topic of conversation, they are just one group that is impacting real estate right now,” commented Anian Tunney, Piedmont, CA real estate agent broker. “Millennials entering the market are competing with Baby Boomers who are starting to downsize. This competition is a strain on the inventory of smaller, less expensive homes,” Tunney explained.
The third group of note in housing market is multi-generational home buyers. While seen frequently in other cultures, the idea of elderly parents, adult children, and grandchildren living in one home is gaining in popularity in the US. “Yes, the economy is improving. Yet, life expectancy, the cost of health care, and the cost of child care are all increasing; combining households this way is fiscally very practical,” Tunney noted. One of the open houses in Piedmont is scheduled for Sunday November 3 at 79 Lafayette Ave, Piedmont. It is offered at $2,150 and has 3 bedrooms 3 and one half baths.
Because American culture still values independence, multi-generational households in the US tend to be larger, and provide more privacy with features such as separate entrances, bedroom suites, or even multiple kitchens. “Many houses for sale in Piedmont are actually ideal for multi-generational buyers,” said Tunney. For example, 6 King Avenue – offered at $4,200,000 – has 7 bedrooms and 5 full baths. Two of the bedrooms are multi-room suites with separate studies and dressing rooms. With extensive common areas and the privacy built in around the bedrooms, the home provides a balance for the family that lives together but wants to get away from each other.
About Anian Tunney, Broker Associate
Anian Tunney is an agent broker with The Grubb Company. According to statistics collected by East Bay Regional Data, Inc., she was the 2013 number one real estate agent in Piedmont, CA for the number of units sold and sales volume. Additionally, Tunney is always in the top two in yearly real estate sales for The Grubb Company’s Piedmont, office. She is known for her knowledge, experience, and network in the Piedmont community; qualities which are invaluable for finding that special home or buyers for her clients.
A fifth generation Piedmont resident, Tunney has been with the Grubb Company for over 30 years. She raised her family of four in Piedmont and is active in community projects such as the Piedmont Beautification Foundation, the East Bay Museum Auxiliary, and the Piedmont school district. Her grandmother, Amy Sutton, was a real estate agent, and now Anian works with her daughter Adrienne Krumins, making Piedmont Realty truly a family vocation. Tunney negotiates with grace and clarity of purpose. She can be contacted at 510-339-0400 ext 217, and at tunney(at)grubbco(dot)com. Her website is aniantunney.com.
The Grubb Company Real Estate Brokers
Oakland, CA 94611
510-339-0400 ext 217