Suppose you could roll up 40% more business in 2019.
What if you could ride that once-in-a-lifetime wave for the next five years?
The numbers for 2026 will take your breath away.
The secret sauce just got reported by Fannie Mae,
Pre-listing home inspections are growing faster than any other part of the market.
They’re primed to take off starting now, and rocket over the next 5-10 years, for simple reasons.
Starting in 2020, Baby Boomers will be in their 70s and 80s – the age when people typically exit home ownership.
“With the oldest Boomers now in their early 70s, the beginning of a mass homeownership exodus looms on the horizon,” the Fannie Report explains.
Unless there are big changes no one sees coming, there actually will be more sellers than buyers in five years. Inspectors limiting themselves to buyer-side work will be confined to the minority side of the market then. Trying the gear up seller-side marketing then will end up playing catch-up, too little, too late.
Boomers own about 32 million homes today. That’s the biggest bundle of homes owned by any generation, ever. (Boomer numbers are Super-sized huge, as always. Baby Boomers are that huge-post WWII generation, people born between 1946-1964.)
Boomers are two out of five homeowners in the country, for example.
The average ago of a home seller last year was 55, the NAR (Nat’l Assoc of Realtors) just reported.
PLI has stressed the huge growth prospects in the seller side of the market for the last two years. Data confirming that outlook keeps rolling in.
These latest numbers are rolled up into a recent Fannie Mae report, “The Coming Exodus of Older Home-owners,” which also looks at the key roles immigrants and Millenial buyers are set to play. http://www.fanniemae.com/portal/research-insights/perspectives/older-homeowner-exodus-myers-simmons-071118.html.
One in three homes are financed by Fannie Mae (formally known as the “Federal National Mortgage Association,” “FNMA”).
In 2017, Fannie Mae provided $570 billion in mortgage financing that enabled 1.2 million home purchases.
Fannie Mae is one of two leading providers of financing in the single family housing market, and a key standard-setter for mortgage loans. The liquidity Fannie Mae provides to U.S. mortgage markets, by purchasing, guaranteeing, and “securitizing” home mortgage loans, is a key reason that 30-year fixed rate mortgages are available in America – almost uniquely in the world. It is a Government Sponsored Enterprise (“GSE”) founded in 1938, during the Great Depression, as part of Pres. Roosevelt’s “New Deal.” As of 2018, Fannie Mae is #21 on the “Fortune 500” rankings of the largest United States corporations by total revenue.
