Real Estate

Read the latest news about residential and commercial real estate in the Seattle area and Pacific Northwest. Topics include home sales and prices; rent and mortgage rates; apartment, condo and single-family housing markets; development, skyscrapers, construction and office space; and affordable housing issues. Some of the players in the marketplace include Vulcan, Zillow, Redfin and Case-Shiller.

Baby boomers have trillions squirreled away. Their kids may not see much of it

PHOTO MOVED IN ADVANCE AND NOT FOR USE – ONLINE OR IN PRINT – BEFORE 3 a.m. ET on APRIL 28, 2024. – Alainta Alcin, a first-generation American whose father died and mother lived paycheck to paycheck while raising six children, at her townhouse in West Palm Beach, Fla., April 21, 2024. As baby boomers die, the ongoing shift of assets to their children has been called the largest in history. But there are also many millennials whose parents have little or no nest egg to pass along. (Eric Striffler/The New York Times) XNYT0723

Experts say that the narrative of millennials’ paying off debts and wielding greater spending power over the next few decades is complex — and leaves out families without enough assets to pass along.

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