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

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

Many Baby boomers are staying in the houses in which they raised their kids even when they become empty-nesters and retire.. up prices in that category and making the trade-off less appealing. Many boomers have finally paid off their mortgages and don't want to start making house payments again.

"This port is a blueprint for investment success in this region," Blanco said. "The possibilities are endless." She said the port will complement the megasite, which is located less than 30 miles away near Holly Ridge. "We’re aggressively shopping that property on our national and international agenda," Blanco said. "We will find a major.

From 2010 to 2020 we are going to have a large number of baby boomers entering into their retirement years. Many will look to downsize and the projections have been, that this would add a steady supply of housing. Issues like negative equity have kept many potential homeowners from actually.

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Baby boomers are changing the definition of a "retirement" locale, driving migration to cities with affordable housing, recreational opportunities and robust economies.

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Although buzz in the housing industry seems to center around Millennials, the baby boomers continue to be a major force in moving the housing market, representing 40% of households in the U.S.Their contribution to the market, however, is changing – rather than choosing to invest in a smaller home as they retire, baby boomers have taken a different route.

Government Stories 2017-2019 Stories that earlier appeared in Nelson’s news note: carl Nelson Consulting, Inc is not an investment adviser and may hold a financial interest or client relationship in companies discussed.

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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.

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