Are Baby Boomers Buying New Homes

Dated: 02/07/2019

Views: 197

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Baby Boomers are the people who were born between 1946 and 1964, or in other words, those currently between 52 and 72. Many of them have already retired and even more, are quickly approaching the age of retirement. But how many of them are planning on buying new houses? 

A survey of baby boomers showed that 59% of them don't plan on selling their current home after they retire. Another 47% of them are planning to downsize their homes. 44% of baby boomers are planning to move to a new state after they retire. 

So what does that mean for real estate? It means a bunch of new homes will be showing up on the market for new buyers and baby boomers will be looking for new, smaller homes. There are lots of opportunities for both sellers and new home buyers in the baby boomer demographic.

If you are looking to buy or sell a house, our agents at the BMP Network would love to talk with you. If you would like to speak with one of our BMP Network agents, click HERE.

BMP Network is a Real Estate Team under Keller Williams. They excel in meeting the real estate needs of buyerssellers, and investors in the Kingman, Bullhead City, Lake Havasu City, Parker, Mohave County, AZ, and Las Vegas, Henderson, Laughlin, NV areas. BMP Network in now HIRING - Apply Now

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