boomers: What "Boomers" Are Looking For In Housing - 10/18/15 05:40 AM
Baby Boomers are those born between 1946 and 1964 and they are a HUGE chunk of the population.  In fast according to the U.S. Census Bureau there are 75.4 Million Baby Boomers in the US!  They are second in size to the "Millenials" or also known as "Generation Y". 
So ... what are they looking for in new homes?  
Here are a few key things that are important ...
Little or No Mortgage Low Home Maintenance Smaller or "Right Size" House One Story Home or at least ... Master and Laundry on Lower Level Convenience ... Daily errands close by (ie: grocery, post … (3 comments)

boomers: Aging "Boomers" Changing Real Estate - 01/29/14 02:00 AM
 
AGING BOOMERS CHANGING REAL ESTATE ...
The aging of the nation’s Baby Boomer population could reshape the United States’ residential real estate market and economy in the coming years.
As members of this demographic get older, many will move out of the houses where they raised families and downsize into smaller, cozier apartments, condominiums, and townhouses.
This is a normal transition for people of such age, but it represents a potentially massive shift in the nation’s housing demand. Based on demographic trends, the nation should see a stronger rebound in multifamily construction than in single-family construction in the years … (1 comments)

boomers: "McMansion's" are BACK! - 06/10/13 08:10 PM
As the economy recovers, America's love affair with the oversized McMansion has been reignited.
According to a recent report released by the Census Bureau, the average size of new homes has grown significantly during the past 3 years.  
In 2012, the median home in the U.S. hit an all-time record of 2,306 square feet, up 8% from 2009.
During the recession, Americans downsized and the average new home shrunk in size by 6% over two years to 2,135 square feet. At the time, many industry experts thought the days of the "McMansion" were over.  
It was thought by many … (0 comments)

boomers: Who's Buying Now ... These 3 Buyers! - 04/12/13 03:32 AM
Here are three buyer groups to watch ...  

1. Boomerang Buyers. These are buyers who were foreclosed upon or who sold their homes via short sales. After rebuilding credit, they’re ready to buy again. 
2. Gen Y. They’re buying, they’re not buying. They can’t find jobs. Much has been said about this group, but it looks like many of the older Gen Y (born in the early ’80s) are ready to buy.
“The pent-up demand is starting to surface… As soon as we get these folks out of their parents’ basement and into a job … ”
3. Boomers. After losing a … (2 comments)

 
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