Baby Boomer Statistics

By
Real Estate Agent with RE/MAX Advantage Nampa, ID

If you're thinking of a niche to target in 2008, this might help spur on some thoughts:

As published in "The Power Broker - Network Report" by RISMedia Vol. 2/Issue 12 December 2007 www.rismedia.com

The Huge Impact of Baby Boom Retirements:

Some current National Trends for Baby Boomers (born between 1946 and 1964)

Total population: Nearly 80 million

Median Age:  50, 46% are still in their 40's

First wave turns 62 next year: 3.2 million - 365 an hour (49% of men & 53% of women plan to choose early, reduced Social Security)

37% live in suburbs; 24% in cities; 40% in small towns or rural areas

78% own a home, and the typical Boomer has owned a home for 15 years.

25% live alone; 61% live in 2-person households

Median net worth:  $149,500, including home equity.

10% are self employed

33% plan to go back and forth between periods of work and leisure after retirement.

25% report they are well prepared for retirement; 75% say they are not.

Sources: Social Security Administration; National Assoc. of Realtors survey

 

So, when searching for the right buyers or sellers, I hope this information will come in handy.

Always looking out for your next move on Idaho Real Estate in the Boise real estate market,

Don Wixom  RE/MAX Advantage  Nampa, Idaho

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Don Wixom

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