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Updated
February 24, 2010
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LET'S THINK ABOUT IT **
"Baby Boomers" – The largest
generation to date, members of this demographic have now reached their
peak earning years. In areas with a greater number of Baby Boomers,
expect significant purchases of larger primary residences. In addition,
Baby Boomers are likely to buy investment properties and vacation homes,
leading to a substantial increase in property values for certain regions
of the country.
Children of "Baby Boomers" – Born after 1980, this is the second largest
generation to date. This age group has entered the workforce and is
becoming established. In areas with large numbers of this demographic,
look for sales of starter homes and condos to rise.
Immigrants – Different areas experience large
influxes of immigrants at different times. It typically takes a full
generation, however, for this demographic to begin buying homes and
having an impact on local real estate markets.
Retirees – With advances in medicine and technology, we are living
longer than ever before. In areas with large numbers of this
demographic, or areas where retirees tend to move, expect inventories to
drop and prices to rise.
Remember the best investment in history has been real estate. And I
don't expect that to change in our lifetime.
Drop me a email with your comments
or questions to: eeh3@sedona.net
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