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Boomers aren’t selling their homes but are looking to buy investment property

Dennis Norman, St Louis REALTOR - Baby Boomers - Coldwell Banker Real EstateThe economy is delaying baby boomers’ plans to sell their homes, according to a survey just released by Coldwell Banker Real Estate. This doesn’t mean boomers aren’t in the market though….in fact, according to the survey, the desire to purchase and own a home, or more than one home, “remains strong.…especially so in the the investment market segment. “

Eighty-seven percent (87%) of the real estate agents responding to the survey said they have baby boomer clients who already own, or are looking to own an investment property. In addition, twenty-two percent (22%) of the agents reported that at least half (50%) of their boomer clients either own, or are looking to own, such properties.

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Source: Coldwell Banker Real Estate