50+ Home Buyers in Prime Spot to Lead Housing Recovery
Post-World War II baby boomers are in the prime position to lead housing out of its current cyclical downturn, according to panelists participating in an Aug. 12 audio seminar from the NAHB University of Housing, “Get Hesitant Boomers to Buy Now!”
The recent enactment of housing stimulus legislation should convince a significant number of baby boomers that now is the prime time to get off the fence, they added.
“This group is determined to move on with the next phase of their life,” said Chuck Covell, president of Covell Communities in Gaithersburg, Md. “As a result, this segment of buyer is out there looking to make that change and is willing to overlook market obstacles in the way and some of the downtrodden feeling that may be out there,” he said. ...