Nofiyanti Home & Garden

Baby boomers, baby boomers will get, baby boomers will get; We hear all these words again and again. So, what is the baby boomers will get; Baby boomers people in the U.S. who were born between 1946 and 1964. Approximately 78.2 million people fall into this category.

As a group, baby boomers will get to keep the largest population group in the history of the United States. Group size gives it great influence on U.S. politics, popular culture, and of course, real estate. To assess the impact of baby boomers receive to the future of real estate, National Association of realtors (Nar), conducted a study in 2006. Results were published in report entitled Baby boomers will get and Real Estate: Today and tomorrow. Below are some of the major study of Nar.

Age DISTRBUTION

According to a report Nar, baby boomers will now get up at age 42-60 years. Typical "baby boom is 50 years old and the oldest baby boomers turn 60 in 2006. About 46% of baby boomers will get it at 40, and 25% less than 55 years.

Household income

As a group are baby boomers reach their peak earning years. In 2005, boomers have household income of $ 64.700, and approximately 25% of them had household incomes of at least $ 100,000 per year.

Home ownership

Approximately 78% of baby boomers will get the house, which is higher than the national rate of 69% stake. Approximately 96% of baby boomers believe they will get home ownership is a good financial investment.

Future real estate market

Approximately 7.8 million or 10% of all baby boomers will get, said they were more likely to buy more properties in the next 12 months. As a buyer, two thirds were planning to purchase a primary residence, 26% want to buy land, 19% want rental property, will 15% of vacation home or seasonal home and 14% want commercial.

What characteristics attract Boomers

When the baby boomers asked about what features are most important to those 38% wanted to reduce the cost of living, 38% wanted to be near family, 38% wanted access to quality health services, 37% wanted a better climate, and 36% wanted to be near bodies of water.

Current Economic amenities

When baby boomers were asked about any benefits the community who are interested in more, 18% wanted to be close to cultural offerings, and 9% wanted to be closer to family, 4% wanted to become a golf course and 3% will have easy access to education.

Where boomers retire Want

When baby boomers were asked about where they want to retire, 33% of them want to retire in rural areas, 30% in a small town, 25% in suburban areas, and only 12% in urban communities.

Boomers and their real estate agent

Baby boomers increasingly use the services of estate agents. Approximately 60% of home buyers and 79% of home sellers used a real estate agent in the latest deal.

SUMMARY

The postwar generation had and will continue to have a significant impact on the real estate market. As boomers near retirement, continue to evaluate the property and will continue to invest in property and land. Agent reaches out to understand what the child boomers want in terms of investment properties and design strategies that focus on the needs of this huge year class of the population. For further information, please read Nar report entitled, Baby Boomers and Real Estate: Today and tomorrow