Baby boomers are buying real estate in record numbers, and is one of the fastest growing markets in the real estate industry.  Several reasons contribute to this trend. Boomers are buying vacation homes, the are becoming empty nesters and are selling the large family home to downsize, investors are seeking safe places to invest thier money, and the over 65 population are seeking homes to match physcial and financial changes that are occuring in their lives.Don’t call them Seniors! This population is proud to be in this catagory they are among people like Mick Jagger, Aretha Franklin, Cher.  They are between the ages of 50-64 years old.  They had their children in their 30’s and and the first wave of boomers watched their children graduate from college in 2000.It may surprise you to know that 70% of boomers have a bachelor’s degree or above and have an annual income between $50-75,000. They are physically fit and they are on the move.

If you are a boomer you should know that in 1988 the Federal Housing Act was amended to prohibit discrimination based upon disability or family status. The inclusion of families as a protected catagory raised issues with the operation of retirenent or adult communities, so the amendment included exemptions for housing developements that qualified as housing for persons over the age of 55.  We are living longer as a population and we are healthier than ever and the needs of this generation continues to change and as the needs change so will the housing needs change. Buying real estate is still one of the best investments you can make, even with all the bad information the media is putting out about the housing market. A buyers market only means that YOU SHOULD BE BUYING! So consider your options in real estate for your future investments. If you are one of those who needs a vacation home, or need to downsize, or just want a home on one level go to my website www.darlenecherry.com and search for properties.