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Baby boomers spell real estate boom!

By
Real Estate Agent with Keller Williams Realty
Despite the recent worries about impending slippage in the real estate marketplace, the longer term view is really quite good.  Baby boomers are maturing.  The impact of this... like every other status change of the baby boomer generation cannot be underestimated.  The bulk of the baby boomer generation has reached financial security, if not financial success.  Baby boomers like nice things, and want to live in comfort... Many will be downsizing their primary residence but wont skimp on the amenities.  They want well maintained communities close to social activities.  Many will buy second homes in resort areas.  Notwithstanding the little breather in double digit annual appreciation rates. the impact of this aging demographic will keep our real estate market invigorated for quite a while.
Teri Isner
Keller Williams Realty at the Lakes - Orlando, FL
GRI, CRS, CIPS
Richard totally agree.  We are already seeing it here and one of realtor magazines also stated that baby boomers will be investing in the millions over the next 10 year period.  Time for target marketing in these areas, Michigan has sent several already to Florida.
Aug 26, 2006 08:45 AM