At the Inman Luxury Connect event in San Diego on Tuesday, a C-Suite panel highlighted emerging trends shaping the luxury real estate market. Key takeaways centered on the evolving preferences of today’s luxury buyers, with a spotlight on multigenerational living, long-term value, and future potential as top priorities.

A major shift is underway as Gen X, millennials, and Gen Z increasingly drive both listing and purchasing decisionsin the luxury space. These younger buyers are redefining luxury, often prioritizing lifestyle alignment and aspirational living in ways that differ from previous generations. The panel emphasized the importance for agents and developers to understand and adapt to this generational shift, especially in how younger buyers define and discover luxury.

Paradise Valley: Where the Affluent are Relocating

Paradise Valley has become a prime destination for the nation’s wealthiest individuals. According to New World Wealth’s 2025 rankings, nearby Scottsdale is now the second fastest-growing wealth hub in the world—and Paradise Valley is where much of that affluence is settling.

Why Arizona?
Arizona offers a compelling mix of benefits:

• Some of the lowest property taxes and cost of living in the nation

• Larger lots, enhanced privacy, and

• Breathtaking sunsets and mountain views

This unique combination makes it an ideal choice for those seeking both lifestyle and long-term value.

Why Real Estate?
High-net-worth individuals are increasingly turning to real estate as a key component of their financial strategy. Here’s why:

• Stability in a Volatile Market: Unlike the stock market, real estate is a tangible asset often viewed as more stable—especially appealing as baby boomers enter their retirement years.

• Inflation Hedge: Property values and rental income often rise with inflation, helping preserve purchasing power.

• Estate Planning & Legacy: Real estate offers not only a smart investment, but also a lifestyle asset that can be enjoyed and passed down.

• Appreciation & Passive Income: Historically, real estate has shown strong long-term appreciation, while also generating steady rental income—especially valuable in uncertain economic times.

Paradise Valley isn’t just a place to live—it's a place to invest, grow, and thrive.

“Luxury real estate has proven remarkably steady,” despite broader economic uncertainty, especially around interest rates. That, according to the July National Luxury Marketing report just out. Click HERE for full link. Denise van den Bossche, celebrating 40 years Arizona real estate 602-980-0737

Hot From Phoenix Summer 2025

Patrick named in the Top 200 most Influential in Residential Real Estate.

Patrick van den Bossche, President of the Realty Executives International brand, with over 500 offices worldwide, made the list of the 200 most powerful leaders in real estate 2025.

The Swanepoel Power 200 ranks the most powerful leaders in the residential real estate brokerage industry. Criteria used to rank leaders include the scope and power of leaders’ positions, the financial resources they have at their disposal, whether they have equity stake in their company, their trajectory and much more.

Scottsdale is the second fastest growing wealth hub in the WORLD according to New World Wealth rankings as of December 2024. It was the only U.S. city in the top three.

Scottsdale's housing market news:  In an article posted in the June 24, 2025 Business Journal a Scottsdale estate sold for $25 million in a record seven days. The home was over 14,000 square feet and was located in Silverleaf in the McDowell Mountains just north of the 101 Loop in the DC Ranch area. The article goes on to state that the median sale price for a Scottsdale home is now $900,000, a 9.1% increase over the past year.

“The era of broad-based, rapid price appreciation appears over, replaced by a more selective environment where local fundamentals matter more than national trends,” Nicholas Godec, head of fixed income tradables and commodities at S&P Dow Jones Indices, said in a statement. “For investors and policymakers alike, this shift toward geographic divergence and moderate growth may actually represent a healthier, more sustainable trajectory than the unsustainable boom we experienced just a few years ago.”

Luxury Home Sales Today

In a February Realtor.com article the headline read, “Million-Dollar Home Sales Are Growing—and Affluent Buyers Are Paying in Cash.” The article states, “The expansion of the $1 million-plus housing market is largely being driven by rising property values, which continue to push more homes into the luxury category.”

As always, call me for any questions or specifics on your real estate needs or interests. Denise van den Bossche, celebrating 43 years tenure in the Arizona real estate market, Denisevdb@Exec-Elite.com

Families Are Sticking Together: Multigenerational Homebuying Hits an All-Time High as Americans Battle Soaring Cost of Living

Realtor.com 

^{BY SNEJANA FARBEROV}

JUNE 6, 2025

Older parents and their adult children are increasingly choosing to live together as Americans battle the cost of living, propelling multigenerational homebuying to a record high.

Of all demographic groups, Gen X—people born between 1965 and 1980—accounted for the largest share of homes bought with the intention of housing several generations of the same family.

The latest Profile of Home Buyers and Sellers report by the National Association of Realtors® reveals that multigenerational dwellings made up 17% of home purchases last year, representing an all-time high.

Multigenerational homes are defined as households that comprise more than one generation, such as adult siblings, adult children, or grandparents. 

"The rise in multigenerational home buying underscores a broader trend driven by economic necessity and evolving family dynamics, as it offers a practical and supportive living arrangement that resonates with many families, particularly in times of economic uncertainty and changing social dynamics," writes Amethyst Marroquin, research assistant for NAR.

According to NAR's 2025 Home Buyers and Sellers Generational Trends Report, 21% of Gen X buyers led in the purchase of multigenerational homes, followed by younger baby boomers between ages of 60 and 69, at 15%; and older millennials between the ages of 35 and 44, at 12%.

This generational breakdown is the product of a shift that has occurred over the past decade, pushing Gen X, also known as the "sandwich generation," to the top of the multigenerational housing market.

In comparison, in 2013, Gen X made up just 12% of multigenerational homebuyers. In a span of 10 years, their share increased by nine percentage points.

Older millennials followed a similar path, although their gains were more modest, increasing from 9% in 2018 (the first year "older millennials" were defined as a category) to 12% in 2025.

"The cost of homeownership has climbed significantly over the last few years and, as a result, buyers have gotten creative," says Realtor.com® senior economic research analyst Hannah Jones. "One way to offset high housing costs is by combining forces and buying with family."

Meanwhile, younger baby boomers have seen their share of the multigenerational market noticeably shrink, from 22% in 2013 to 15% in 2025.

Economic challenges drive the trend

Last year, more than a third of homebuyers cited "cost savings" as the main reason for buying a multigenerational home, up from 15% in 2015, according to the NAR report.

The survey coincided with rising mortgage interest rates and home prices, which have made it increasingly difficult for many Americans to afford a home on their own.

Not surprisingly, NAR researchers found that a growing number of adult children were living with their parents.

According to the report, 21% of respondents cited their children over the age of 18 moving back with them as a reason for their buying a multigenerational home, up from just 11% a decade earlier.

Meanwhile, 20% of respondents shared that their grown children had never left home in the first place, up from just 7% in 2015.

"These shifts underscore the rising popularity of multigenerational living arrangements, driven by both economic factors and family dynamics," says Marroquin. "Adult children may continue living at home seeking financial stability due to high living costs, student loan debt, and difficulties in finding well-paid jobs."

As a result of these trends, Gen X and boomer households are more likely than other demographic groups to include adult children who have returned home because of economic hardships.

"While younger buyers are still in the early stage of their career, having some help from their parents can be beneficial to boost savings and housing prospects down the line," adds Jones.

Meanwhile, data parsed by NAR experts points to older millennials purchasing multigenerational homes to move in with their aging parents.

Thirty-five percent of people in their late mid-30s to mid-40s older cited their aging parents' health and caretaking responsibilities as a reason for their decision to purchase a multigenerational home.

Additionally, nearly a third of older millennials reported that they bought their homes to spend more time with their parents in their golden years.

Marroquin predicts that as families continue to adapt to economic uncertainty and social shifts, multigenerational living is likely to become an increasingly prominent feature of the housing market.