Baby Boomers fueled an unprecedented housing expansion that created the American suburbs as we know them.
Today—contrary to what a lot of real estate professionals might think—they’re poised to do it again.
Our latest Better Homes and Gardens Real Estate survey found surprisingly buoyant attitudes among Boomers that could breathe new life into the recovering real estate market. In fact, what we learned about Baby Boomers in the last few weeks were so encouraging, we had to do an infographic about it!
We found that 57 percent of Boomers want to move out of their current residence. At the same time, 70 percent believe the house where they live when they retire will be the best in their lives, suggesting they’re willing to invest in their dream homes.
This bodes well for real estate professionals, as this means this generation isn’t done making transactions—not a bit. And, since 72 percent of these Boomers are planning to retire in the state they’re currently living in, this is an opportunity for repeat business.
In reality, many Boomers are thinking seriously about buying new properties that will improve the quality of their lives in their golden years. They’re not retreating into retirement. They’re planning on making a new start. And we have a chance to help them.
Check out the rest of what we learned about where Boomers want to live and their lifestyle concerns in our latest Clean Slate blogpost, “Don’t Count Out the Baby Boomers.”
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