seniors real estate: Baby Boomers-Real Estate-Trends, Part 2
- 05/23/17 10:30 AM
In Part 1 of this 2 part series on Baby Boomers-Real Estate-Trends, we looked at 3 of the current trends: 1. They want to be Independent 2. Boomers are into family and want to be near them. 3. Boomers are becoming money conscious.
In Part 2 we will look at 4 more trends:
4. Boomers See a Need to Reduce Housing Expenses. We will find that Boomers for the main part are home owners and have been for several years. According to a report by Fannie Mae, Baby Boomers possess tremendous wealth, over $6 trillion in home equity. Yet many will … (18 comments)
Reality tells us that aging is not going to disappear. Baby Boomers were the largest group until the Millennials came along. Baby Boomers are aging and it is getting their attention. They are starting to look ahead and are trying to figure out what will work best for them in the coming years. In the Real Estate world we are beginning to see the Trends that are developing.
In Part 1, let's look at 3 of the trends. 1. Baby Boomers have a desire to be Independent. Being Independent means they want to live in their own homes. 90% do not want to live … (10 comments)
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