Mature Couple Toasting Champagne Flutes In New House

Mature Couple Toasting Champagne Flutes In New House

As their assets begin to regain value, baby boomers are seeking more for their money in lower-cost markets—causing a ripple effect in the housing market, an analysis by online real estate company RealtyTrac found.

“Boomers who are downsizing are helping open the door for many first-time home buyers while also driving demand for purchases and rentals in the markets where they are moving,” said Daren Blomquist, vice president of RealtyTrac.

RealtyTrac’s analysis of U.S. Census population data between 2007 and 2013 showed boomers, both homeowners and renters, are moving from higher-priced to lower-priced markets—even if those areas have lower median household incomes and slower home price appreciation.

 

Read more here at Realtor.com!