Housing market for retiring baby boomers exploding in western Port St. Lucie » Mortgage Masters Group

The retiring baby boom generation is quite reliant on the housing market for their retirement. If a large portion of an entire generation tries to sell its homes at the same time, housing could be.

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"Baby Boomers" are entering their retirement years at a rate of 10,000 per day. Learn why many are turning to real estate investments in their Golden Years.. Why Baby Boomers are Turning to Real Estate for a More Secure Retirement.. and qualifying for a mortgage generally involves being.

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The 2000 Census estimated there are more than 78 million Baby Boomers born between 1946 and 1964 are living in the United States. As this group enters retirement, many economists and market analysts predict how the housing market will be affected. Baby Boomers tend to be the richest age group in terms of real estate, [.]

For these large companies, the most profitable markets are the middle- and upper-middle classes. The boom in the new economy, driven by the growth of industries based on digital technologies, biotechnology, and advanced business services, fueled a housing boom, especially at the top end of the market.

Real Estate Baby Boomers Impact on the real estate market.. Only about 4.7 percent live in a group home and 7-10 percent live in a senior facility.. New buyers (Echo Boomers and younger) want something simpler that gives them more flexibility.

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Many boomers have realized their retirement plans are not sufficient and have turned to alternative investments, such as real estate, to compensate. About 30% of baby boomers have no retirement.