TITLE

THE BOOMER BOOST

AUTHOR(S)
England, Robert Stowe
PUB. DATE
April 2005
SOURCE
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p58
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports that the aging baby boomers are a key demographic force driving up the demand for housing. Immigration is also an important demographic factor, but one that, at least for now, is secondary to the aging boomer phenomenon. The reason aging boomers continue to drive up housing demand is that home ownership continues to increase with age. The home ownership rate for householders does not peak until somewhere between age 70 and 74 and may not peak then for the boomers. In every age group up to age 75, there are still families trying to build on their savings to make the transition from renting to owning.
ACCESSION #
16778346

 

Related Articles

  • What downturn? Aging boomers migrate to Wenatchee. Grind, Kirsten // Journal of Business (10756124);10/9/2008, Vol. 23 Issue 21, pB9 

    The article discusses the move of aging boomers to migrate to Wenatchee, Washington. It is noted that the city has remained a magnet for baby boomers despite the decreasing home prices. According to real estate experts, the retiree boom started as early as 2004 with an average sales prices of a...

  • First-time home buyers are setting trends.  // Westchester County Business Journal;6/6/2005, Vol. 44 Issue 23, p22 

    Reports on the trends in home buying in Westchester County, New York. Percentage of the total home purchases coming from baby boomers; Factors influencing the decision of buyers to purchase a house; Details on the housing preferences of younger buyers.

  • Some Baby Boomers Going Bust.  // Society;Mar/Apr96, Vol. 33 Issue 3, p4 

    This article discusses the report, The Baby Boom: Entering Midlife, which states that the baby boom generation in the U.S. is really made up of two disparate mini generations, equal in size, but not in opportunity, with the younger less well off and more politically alienated than the older...

  • Baby Boomers' Retirement Won't Be Disastrous for US Equities. Thomas, Charlie // AiCIO News;2013, p1 

    The article offers information on a report from Vanguard which indicates retirements of baby boomers will not likely damage equity markets in the U.S. The assumption that the demographic changes will decrease U.S. equity demand is caused by an oversight of various other factors affecting the...

  • Match Your Buyers' Needs. Fabris, Peter // Housing Giants;5/9/2008, Vol. 4 Issue 7, p18 

    In this article, the author looks at the changing customers' demands in the home building industry in the U.S. The author attributes the change to the aging of the baby boomers and a resulting glut of homes for sale. He predicts that the change could lead to depressed home prices and a drop in...

  • Young home buyers are setting trends.  // Fairfield County Business Journal;6/6/2005, Vol. 44 Issue 23, p19 

    Reports on the home ownership behavior of the baby boom generation in the U.S. in 2005. Trends in the housing market; Consumer characteristics and market trends; Home purchases; Home prices.

  • Aging baby boomers, young immigrants to drive homeownership.  // Mortgage Banking;Jan2007, Vol. 67 Issue 4, p10 

    The article focuses on the study titled "America's Regional Demographics in the '00s Decade: The Role of Seniors, Boomers and New Minorities," conducted by the Mortgage Bankers Association in the U.S. The study pointed out that the demographic changes such as the decision of aging baby boomers...

  • Baby Boom Migration Tilts Toward Rural America. Cromartie, John; Nelson, Peter // Oregon Wheat;Oct2009, Vol. 61 Issue 5, p6 

    The article presents a reprint of the article "Baby Boom Migration Tilts Toward Rural America" which appeared in the September 2009 issue of "USDA Economic Research Service." It notes trends of baby boomers to have rural connections despite suburban upbringing in the U.S. It is mentioned that...

  • Colorado's rough ride through 30 years. Adams, Tucker Hart // ColoradoBiz;Jan2008, Vol. 35 Issue 1, p15 

    The author forecasts the economic condition of Colorado from 1970 to 2008. She states that 1982 was the period of baby boom generation's great migration to the west. The state's population was growing at a compound annual rate of 2.7% from 2.21 million in 1970 to 3.24 million in 1985. From...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics