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

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The battered housing market is getting some help from an unlikely source: retirees. Baby boomers on the cusp of collecting Social Security are bringing some much-needed vitality to the real-estate.

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 Nearing Retirement Drive New Markets in Affordable, Assisted Living. May 10, 2017 May 10, 2017 admin. 6.. senior housing industry is considered one of the fastest growing real estate investment opportunities in the national housing market.

GL Homes and several other builders are selling lots of homes to retiring baby boomers in 55-plus communities in booming western Port St. Lucie. Source: Housing market for retiring baby boomers exploding in western Port St. Lucie

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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, [.]

Is the property bubble going to burst when the Baby Boomers retire? Latest , Michael Yardney blog , Michael Yardney’s Commentary , Property Investment There’s a theory going around that when the Baby Boomers retire we’ll be hit by a demographic tsunami so big it will cause our property markets to collapse.