According to RealtyTrac®, more than 272,000 homes in United States received at least one foreclosure-related notice in July 2008. This is up 55% from the same month, a year ago. RealtyTrac® reports that as many as 750,000 foreclosed homes are in their database of homes for sale, i.e. 17% from the 4.5 million U.S. homes that were up for sale in 2008.

To deal with the financial crisis, lenders are requiring larger down payment and higher credit score, squeezing many home buyers out of owning a home - even though prices have fallen.

What does this latest trend mean for the future of Real Estate?

Where there is blood, there is opportunity. As Sr. Winston Churchill once said, a pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.

The reality is that real estate market has always bounced back and reached new heights.

The media today is focused on the present national and worldwide economic crisis, totally ignoring new opportunities which are about to make a very significant positive impact on the market as it recovers from the current slump", said Boris Gruzman, CEO and President at PropertyMinder, Inc.

First and foremost we are in the middle of a global, demographical shift. In 2006, almost 500 million people worldwide were 65 and older. By 2030, individuals 65 and older are projected to increase to 1 billion - equaling one out of 8 of the earth inhabitants.

For the Real Estate industry, this means a growing retiring market. Baby boomers are retiring every day and always looking for a high quality Burgan-priced retirement properties.

While aging baby boomers are expected to look for retirement homes, the new Generation X and emerging Generation Y are taking their place for a first home and investment home markets. This is a great opportunity for tech-savvy agents with Internet marketing skills.

Who are these new buyers and what do they demand?

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