Boomers Impact Real Estate Market Trends

Posted in Real Insights | May 11, 2007

Did you know that the baby boomers will continue to affect housing trends as they approach retirement? Their needs are diverse, but as a group they are wealthier and choosier than their parents were at the same stage. Even when boomers downsize to a smaller home, they often choose a home with very high build quality. Attributes of a boomer’s ideal home often include a main floor master bedroom, energy efficiency, plenty of storage space, a large kitchen with good lighting, and an open concept floor plan. Common upgrades are hardwood flooring, granite countertops, extra lighting and sound system wiring. (April 7, 2007)