Overview
- The U.S. is projected to capture roughly 52% of the transfer, or about $2.4 trillion, as baby boomer property changes hands.
- Gen X is expected to receive the largest share in the near term, with millennials gaining the greater portion over a longer horizon.
- Luxury housing shows resilience, with U.S. single-family prices up 3% and sales up 4% in 2025, and nearly 80% of surveyed agents describing conditions as resilient.
- Households with $5 million to $30 million in net worth are set to drive nearly two-thirds of U.S. property transfers, while investment by $5 million-plus buyers has risen about 60% since 2020.
- Emerging luxury hotspots include Atlanta, Dallas, Minneapolis, Nashville, Salt Lake City and San Diego, reflecting shifting demand and nest-investing priorities.