There is a gorilla in the room! The gorilla is the baby boomer generation and the room is the real estate market. The baby boomer generation is going to have an impact on housing market trends for some time to come. As they decide where and how they want to occupy real estate over the next 10, 15 and 20 years, It will impact the market.
I am sure everyone has started to notice those nice little 55+ communities popping up. They come in different varieties town homes, villas and apartment style condos. Need I mention they don’t have to cut grass or shovel snow?
Predicting human behavior is very difficult but this baby boomer generation could have a large impact on the real estate market. Many of these people have considerable equity built up in their current home and will want to maximize and protect that equity to best of their ability and have a comfortable life style. I think the trend is set. When you make real estate investment decisions "the trend is your friend".
I am a Long and Foster realtor in Howard County Maryland. I can help you with your real estate interests In Ellicott City, Columbia, Elkridge or Clarksville (just to name a few). I am interested in hearing your opinion on the trends in real estate and investing.
