If you're thinking of a niche to target in 2008, this might help spur on some thoughts:
As published in "The Power Broker - Network Report" by RISMedia Vol. 2/Issue 12 December 2007 www.rismedia.com
The Huge Impact of Baby Boom Retirements:
Some current National Trends for Baby Boomers (born between 1946 and 1964)
Total population: Nearly 80 million
Median Age: 50, 46% are still in their 40's
First wave turns 62 next year: 3.2 million - 365 an hour (49% of men & 53% of women plan to choose early, reduced Social Security)
37% live in suburbs; 24% in cities; 40% in small towns or rural areas
78% own a home, and the typical Boomer has owned a home for 15 years.
25% live alone; 61% live in 2-person households
Median net worth: $149,500, including home equity.
10% are self employed
33% plan to go back and forth between periods of work and leisure after retirement.
25% report they are well prepared for retirement; 75% say they are not.
Sources: Social Security Administration; National Assoc. of Realtors survey
So, when searching for the right buyers or sellers, I hope this information will come in handy.
Always looking out for your next move on Idaho Real Estate in the Boise real estate market,
Don Wixom RE/MAX Advantage Nampa, Idaho