Nearly 60% of the Great Wealth Transfer Is Concentrated in Just 10 States

For every dollar expected to change hands in the Great Wealth Transfer, 59 cents is tied to older homeowners in just 10 states, according to a new analysis. The shocking figures raise the prospect that decades of geographically erratic housing gains are about to passed on to the next generation.The study, released last week from LendingTree, estimates that homeowners already 65 or older could transfer about $17.2 trillion between 2026 and 2045. Of that, $10.2 trillion (59%) is concentrated in California, Florida, New York, Texas, Washington, New Jersey, Massachusetts, Pennsylvania, North Carolina, and Arizona.But no where is the divide more clear than in the Golden State. LendingTree estimates that California alone is home to nearly $3.4 trillion in transferable wealth—nearly $1 of every $5 nationally, and more than Florida and New York combined.“Home value appreciation has been wildly uneven by geography over the past 30-plus years,” says Hannah Jones, senior economist at Realtor.com®. “And this data shows that unevenness is about to get inherited, not just lived in.”Where your parents bought could shape what you inheritThere are several different ways to look at the geography of ...