Baby boomers spell real estate boom!
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.
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