The 'D' that drives many real estate decisions There's an old saying in real estate in Philadelphia, according to realtors that "divorce, death and downsizing working in the city are the main triggers of home sales. Bu A second demographic shift tak there's a fourth "D word" that everying place concerns millennials (born one in real estate should think about: demographics. Real-estate economists as the generation swamped by student- look at the composition of a popula tion, such as age, race, gender, income, cohort are entering the housing market migration patterns and population growth and consider how these factors from agents working with them, Gener influence demand for certain types of hey don't want any hassle when housing and pricing trends between 1981 and 1996), also known loan debt. The older members of this and buying, and according to feedback they move into a home. That means For example, baby boomers (born be they don't want to take on renovations. tween 1945 and 1964) entering retireThat, in turn, puts the burden on home ment have triggered a surge of large, sellers to create homes that are move-in suburban homes for sale in the five county Philadelphia area as this cohort Agents also are reporting that young looks to move into lower-maintenance er home buyers are opting to purchase condos and townhouses (or single-level more modest primary residences so that homes, such as the Solebury gem listed they can afford a vacation home, even by Dan Leuzzi in the Kurfiss Sotheby's if it's a modest one at the beach or in International Realty ad this week priced at S565,000. Similarlyg has impacted demand for the larger and empty-nester baby boomers suburban homes. the Main Line and Bucks County are driving sales of luxury condominiums ready the mountains. This is yet another trend Submited by This home on Stoney Hill Rd. in Solebury is a late mid-century modern design with the Kufiss Real Estate single-level living many baby boomers seek.