What’s in The Shaker today:

• 💥 Gen Z Eyes Boomer Homes

• 🙏 Homebuilder Confidence Rises

• 💰 Baldwin's Big Hamptons Discount

• ✈️ Dubai's Towering Timepiece

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Gen Z Eyes Boomer Homes

As baby boomers age, a potential "silver tsunami" of homes hitting the market could benefit Gen Z homebuyers, while millennials might miss out due to their current age and economic challenges.

• Baby boomers hold a staggering $19 trillion in real estate, but as they age, their homes are expected to flood the market, potentially lowering prices.

• Gen Z, entering their prime homebuying years around 2030, could benefit from this influx of available homes, especially starter homes currently in short supply.

• Millennials, on the other hand, might not reap as many benefits due to their age, economic hurdles, and the need for substantial updates to aging boomer houses.

Homebuilder Confidence Rises

Homebuilder sentiment in the U.S. improved significantly in January, reaching its highest level since September, buoyed by a substantial drop in mortgage interest rates.

• The National Association of Home Builders monthly index jumped 7 points to 44 in January, marking a 10-point increase over the last two months.

• This boost in confidence is attributed to the recent decrease in mortgage rates from around 8% in mid-October to about 6% in December, improving housing affordability.

• Despite the positive trend, challenges remain, including high building material costs and limited lot supply, which could impact future construction.

Baldwin's Big Hamptons Discount

Alec Baldwin has relisted his luxurious Hamptons estate with a dramatic $10 million price cut, showcasing the volatility of the high-end real estate market.

• Originally listed for $29 million, Baldwin's 10,000 square-foot Hamptons property is now on the market for $19 million.

• The estate, located in Amagansett, features a six-bedroom home on 10 acres, with approval for an additional 10,000-square-foot house.

• Baldwin purchased the property in 1995 for $1.7 million and has since expanded it, but he's now looking to downsize as his children have grown.

Dubai's Towering Timepiece

Dubai is set to unveil Aeternitas Tower, the world's tallest residential clock tower at 1,476 feet, adding another architectural marvel to its skyline and pushing the boundaries of luxury living.

• Aeternitas Tower, a collaboration between London Gate and Franck Muller, will be second only to the Makkah Clock Royal Tower in Saudi Arabia in height.

• The tower will feature 649 residential units, including one- to three-bedroom apartments and duplexes, with amenities like a gym, spa, and swimming pool.

• Set for completion in 2027, the tower's design is inspired by Franck Muller's Aeternitas watch collection, blending luxury and innovation in its architecture.

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