Gena Riede Broker License
House




Archives




Baby Boomers in Real Estate

October 21st, 2006 categories: Real Estate, Retirement Communties

Baby Boomers Baby Boomers are those people born between 1946-1964.

There are approximately 78-79 million. Baby Boomers make up the largest population. The National Association of Realtors studied the Baby Boomer generation to see what differences there were with the next retirement group in terms of their Real Estate needs. They found that the Baby Boomers are significantly different than past generations in that they typically married later, had families later and plan to continue working till age 70.

How does this effect Real Estate? If you think about it, when all of the Baby Boomers needed housing…there was quite a boom in housing and think of all the products needed by Baby Boomers and how they affected the economy with their purchasing power.

Do you see how Baby Boomers have definitely had an impact on the economy through the years? If Baby Boomers plan on working either part-time or full time until around age 70, then they probably will not be purchasing their retirement homes.

However, the study shows that 4 out 10, who have a current income of over $100K per year, already have vacation homes and plan on converting them into their primary residence, later. Many of the Baby Boomers studied, said that they plan on possibly starting their own businesses.

Because of this, the Baby Boomer may decide to buy a larger single story home big enough for home offices. Eight out of ten Baby Boomers currently own their own home.

Although, some Baby Boomers prefer small rural areas, most look for amenities such as museums, art galleries and cultural activities which would be found in the urban cities. The majority of Baby Boomers seemingly want to purchase where the sun shines which is A-typical of previous generations.

As a Baby Boomer, I plan on continuing in Real Estate since I love what I do and have great dreams of fabulous far off destinies. This is a good resource for Baby Boomers. If you are a Baby Boomer, what are your plans for retirement and when do you think you will retire? Are you a Baby Boomer? Do you have plans for retirement?

Related Articles:

Active Adult Communities Around Sacramento

Tags: ,

This entry was posted on Saturday, October 21st, 2006 at 1:00 am and is filed under Real Estate, Retirement Communties. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

  1. SacramentoRealEstateVoice.com » Blog Archive » Active Adult Communities Around Sacramento said at March 25th, 2007 at 8:01 am

    […] Baby Boomers In Real Estate […]

  2. Sacramento Real Estate Voice » Blog Archive » Retire in Roseville California said at May 30th, 2007 at 11:06 am

    […] Related Articles: Active Adult Communities Around Sacramento (also Placer County, Elk Dorado County and Yolo County) Baby Boomer in Real Estate Bookmark this article: « Sacramento Fun Things To Do […]

  3. Sacramento Real Estate Voice » Blog Archive » Retire in Elk Grove California said at June 5th, 2007 at 8:06 am

    […]     Other Related Articles: Retire in Roseville Baby Boomers in Real Estate Active Adult Communities Around Sacramento           Bookmark this article: […]

Leave a Reply

Real Estate Tomato   Blog Flux Directory   Real Estate Blogs - Blog Top Sites Add to Technorati Favorites     Business Blogs & Directory   Find Blogs in the Blog Directory   Real Estate blogs   Check PageRank   Real Estate Blogs   Blog Directory & Search engine Top Real Estate blogs

Active Rain     Success Session Graduate

Copyright © 2007 Sacramento Real Estate Voice     Agent Login     Design by Real Estate Tomato     Powered by Gena Riede

Copyright © 2008. Sacramento Real Estate Voice. All rights reserved.
Sacramento Real Estate Voice, 550 Howe Ave.,Suite 100, Sacramento CA 95825. Licensed in CA. Modified: 7/02/08 10:25:44 AM The information provided herein is supplied by several sources and is subject to change without notice. Sacramento Real Estate Voice does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied.