Will Baby Boomers Lead Housing Industry Toward Recovery?

We came across this interesting trend story in RISMedia, an online real estate industry trade publication.  It provides an interesting look into the new home market and the potential of a turnaround thanks to Baby Boomers and the potential of a surge of retirees.  One estimate states that by 2014, a quarter of the U.S. population-more than 85 million people-will be 55 or older.  As the article reports, “While more than 60% of 55-plus homeowners say they want to keep their current homes, the rest say they are interested in alternatives. Builders anticipate that buyers in this age group will account for almost 270,000 house purchases by next year. Even in the down market, some 55-plus buyers move and downsize.” Click here to read the entire article.

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