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.
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.
Housing market for retiring baby boomers exploding in western Port St. Lucie Mortgage Masters Group. An adjustable rate mortgage (arm) allows the lender to adjust the interest rate of a mortgage at scheduled intervals. A rate cap limits the amount the lender may increase or decrease the interest rate per each adjustment.
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, [.]
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BABY boomers are blocking ways of solving the housing crisis facing the young because they ‘live in another world’, Sajid Javid said yesterday. older people oppose development projects and unfairly accuse millennials of spending on ‘nights out and smashed avocados’ instead of saving for deposits, the communities secretary claimed.
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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