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• Where Are House Prices Headed in 2012?

  MSC Marketing 9:15 am on January 19, 2012 | Comments:0
  Tags: baby boomers, Buyer information (31), housing market (46), investors (4), median (2), price (2), pricing (37), second home buyers (19), Seller information (37), Supply and Demand (4)   Filed under: Agent information, Buyer Info, Consumer news and advice, Housing Market, investment, Median Sales Price, pricing, Second Home Buyers, Seller Info, Supply and Demand, The Housing Market

  by The KCM Crew on January 18, 2012

  There is no shortage of opinions as to where home prices are headed in 2012. From Clear Capital’s expectation that prices will show a ‘slight uptick’ this year to Fitch’s projection that prices ‘will fall another 13 percent’, there seems to be no consensus as to where real estate values are headed. How can there be such a disparity of opinion among industry experts? Prices are determined by the relationship between supply and demand and there are many unanswered questions regarding both of these components.

  Questions about Demand

  Will this be the year that the 5.9 million adults between the ages of 25 and 34 that are still living with their parents decide to purchase a home of their own?

  With mortgage payments lower than rent payments in the majority of the country, will first time buyers finally decide it makes more financial sense to buy rather than rent?

  Will the baby boomers take advantage of the great deals available and start purchasing vacation and retirement homes?

  Will investors continue to purchase large quantities of distressed properties?

  Will hedge funds negotiate a deal with the banks for bulk purchases of foreclosures?

  Questions about Supply

  Will 2012 be the year that builders again increase inventories of newly constructed homes?

  Will baby boomers put their primary residences up for sale and relocate to their retirement destinations?

  Will 2012 be the year that the shadow inventory of foreclosures finally makes its way to market?

  If prices depreciate, it will force more homes into a negative equity situation. Will this create another surge in short sales and foreclosures?

  Will the government put together a plan to convert large numbers of foreclosures into rental properties?

  Bottom Line

  With so many unanswered questions regarding both the demand for housing and supply of properties, it is very difficult to determine where prices will be at the end of the year. We suggest you contact a local real estate professional to help you determine where values are headed in your area.

  
   
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• Demographic Shifts Shaping Future of the Housing Market

  MSC Marketing 8:43 am on February 10, 2011 | Comments:0
  Tags: baby boomers, Consumer news and advice (159), Retirement (7), The Housing Market (27)   Filed under: Baby Boomers, Consumer news and advice, Retirement, The Housing Market

  RISMEDIA, February 9, 2011—With the great recession driving unemployment, foreclosures and vacancy rates to historic highs, the housing market has certainly been on one wild ride the last few years.

  Today, we see the confluence of a deep recession driving behavioral change and shifts in the demographic distribution of the population poised to impact the real estate market in unexpected ways. Americans who have experienced or witnessed the loss of jobs, homes and home values have grown skeptical about the benefits of homeownership. Not only will the financial impacts of the housing meltdown burden the real estate market for years to come but so too will the emotional impact. More than ever, Americans of all ages are considering their options.

  At a time when aging baby boomers might be retiring, they continue working in order to build back up the retirement savings they lost in the economic chaos. This has a trickle-down effect, preventing younger generations from moving up in the workplace or from moving into the workplace to acquire the wealth they would need to drive new demand for homes. (More …)

  
   
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• What U.S. Cities are the Best Places for Retirement? Portfolio.com Ranks the Most Attractive for Seniors

  MSC Marketing 9:32 am on December 20, 2010 | Comments:0
  Tags: baby boomers, Bradenton (10), Buyer info (71), Consumer news and advice (159), Manatee (28), people relocation, retire (2), Sarasota (63), seller info (63)   Filed under: Baby Boomers, Bradenton, Buyer Info, Consumer news and advice, Manatee, People, Relocation, Retirement, Sarasota, Seller Info

  Top Ten List Dominated By Warm Weather Cities

  

  /PRNewswire/ — Portfolio.com – the national business news site for small and mid-sized business (SMB) executives – today revealed its latest U.S. Uncovered study, ranking the most popular and desired cities for retirement. The study, which used a six-part formula to rank 157 metropolitan and micropolitan markets with at least 40,000 seniors, named Bradenton-Sarasota, Florida as the number one choice for seniors’ post-retirement plans.

  “Beginning next year, an unprecedented three million Americans will turn 65. While most of these seniors are expected to stay in their current homes, a significant number will decide to seek new places to live in other parts of the country,” said J. Jennings Moss, editor of Portfolio.com. “In addition to warm cities, we’ve also seen that seniors are attracted to communities that already have a significant population of retirees. This demonstrates that seniors will go to places that already have a comfortable infrastructure in place.”

  Already thought to be the classic retirement destination, the state of Florida is home to eight of the top ten cities in the survey, with Bradenton-Sarasota taking the top spot. Senior citizens represent 26.81 percent of the city’s population, which is more than double the national average of 12.9 percent. With a population of 688,126, Bradenton-Sarasota is the largest city among the top 10, while Homosassa Springs, Fla. (#7) is the smallest with a population of 140,357. More than 95 percent of seniors residing in Bradenton-Sarasota were born out of state compared to only 53 percent of the elderly residents of a typical U.S. market who were born out of state.

  The Most Popular Retirement Cities
  Bradenton-Sarasota, Fla.
  Prescott, Ariz.
  Lake Havasu City, Ariz.
  Cape Coral-Fort Myers, Fla.
  Naples, Fla.
  Palm Bay-Melbourne, Fla.
  Homosassa Springs, Fla.
  Ocala, Fla.
  Punta Gorda, Fla.
  Port St. Lucie, Fla.

  Two cities from Arizona earned a place in the top 10. Prescott, Ariz. ranked #2 in the study with 23.6 percent of its population comprised of seniors. Lake Havasu City, Ariz. followed directly behind taking the #3 spot. The rest of the top 10 are occupied by Florida cities including Cape Carol-Fort Myers, Naples, Palm Bay-Melbourne, Homosassa Springs, Ocala, Punta Gorda and Port St. Lucie.

  “The study explores a wide variety of markets, both in terms of size and geography. The markets that ranked the highest in the study were areas where the population of seniors is already substantial and growing rapidly,” said G. Scott Thomas, a nationally-recognized demographer who created the analysis for Portfolio.com. “While not surprising that many cities in the top 30 were from the southeast and southwest, there are several cities that have broken the stereotype of beach retirement communities including Seaford, Del. (#13), Barnstable, Mass. (#14) and Eugene, Ore. (#29) from the north.”

  The study used data from the American Community Survey, which was conducted in 2009 and released in September 2010 by the U.S. Census Bureau. Data was used from the top 157 metropolitan and micropolitan areas with at least 40,000 residents that can be classified as seniors. Rankings were determined using six statistical indicators: seniors as a share of the total population, median age, seniors born out of state, incoming seniors, difference in out-of-state births and difference in incoming rates.

  The U.S. Uncovered series provides original, insightful analysis of the American lifestyle and business trends of interest to the highly lucrative market of small- and mid-sized business executives, who will fuel the country’s economic recovery over the next five years.  Most recently, the U.S. Uncovered revealed the most educated cities with a unique “Brainpower Index,” ranking Boulder, Colo. as America’s smartest city. The series also disclosed the rankings of the cities with the “Highest Income Growth,” ranking El Paso as the city with the most growth potential; “Most Stressful Place in America,” ranking Detroit as the most stressful city; “Best Mid-size Places to Live” ranking Boulder, CO as the small city with the highest quality of life; “Best Big Places to Live,” ranking Raleigh as #1;  ”Best Cities to have fun,” ranking New York City as #1; “Top U.S. Wealth Centers,” naming Newport Beach as #1; “Small Business Vitality,” naming Texas the best state and Austin the top city for small business; and “Best Places for Young Adults,” naming the Southwestern region the new frontier for young Americans with Austin as #1. About Portfolio.com

  Portfolio.com is the national business news site for small and mid-sized business executives. Comprising original, in-depth reporting, thought-provoking insights, colorful features, exclusive analysis of custom research, and an intelligent business-news filtering tool, Portfolio.com is the first national business media outlet dedicated solely to delivering actionable news and information to this coveted audience. Portfolio.com relaunched in December 2009 as the information destination for business executives, insiders and strategists within the growing and profitable American City Business Journals.

  About American City Business Journals

  American City Business Journals engages 13.5 million decision makers each month through the company’s 40 newsweeklies, 42 Web sites, digital newsletters and more than 400 local events across the country. It is the largest publisher of business-to-business information in the United States. More than 4 million readers each week engage with exclusive, in-depth coverage of local business communities; some 9 million unique monthly users engage with the company’s digital content; more than 11 million e-newsletters are delivered each month via email; and the company sees more than 1 million mobile page views each month. American City is a unit of Advance Publications Inc., which also operates Condé Nast Magazines, Parade magazine, Fairchild Publications, the Golf Digest companies, Newhouse Newspapers and cable television interests.

  Media contacts:
  Sharon Oh / Maggie Duquin Nolan
  Brainerd Communicators, Inc.
  (212) 986-6667
  oh@braincomm.com
  duquin@braincomm.com

   SOURCE Portfolio.com

  http://www.bradenton.com/2010/12/16/2817078_p2/what-us-cities-are-the-best-places.html

  
   
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• Second-home market offers first-rate deals for boomers

  MSC Marketing 12:29 pm on September 27, 2010 | Comments:0
  Tags: agent information (58), baby boomers, Buyer info (71), Consumer news and advice (159), economy (67), investment (13), second home buyers (19), seller info (63), the economy (18), The Housing Market (27)   Filed under: Agent information, Baby Boomers, Buyer Info, Consumer news and advice, economy, investment, Second Home Buyers, Seller Info, The Economy, The Housing Market, Web Stats - 2010

  By Eugene L. Meyer, U.S. News & World Report

  3:49 p.m. CDT, September 23, 2010

  The housing market reflects a paradox of the current economy: Though some baby boomers are struggling to prevent their primary residences from sliding into foreclosure, others are realizing their dream of purchasing a vacation getaway.

  Many people “still have a lot of money that sits on the sidelines waiting,” said Michael Saunders, a Sarasota, Fla., broker active in the second-home market. “I think the wait is over for them. Anywhere you look, you are going to find prices we haven’t seen since 2001,” largely because of foreclosures and short sales of homes for less than what’s owed on them. (More …)

  
   
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• Survey Reveals One-Third of Boomers Plan to Move in Retirement

  MSC Marketing 9:25 am on April 15, 2010 | Comments:0
  Tags: baby boomers, Buyer (14), home buyers (115), Retirement (7)   Filed under: People, Seller Info, Uncategorized

  RISMEDIA, April 15, 2010—Whether it’s in the Sunbelt or the Rustbelt, a move across the street or across the nation, Baby Boomers are still willing to move to a new place when they retire, according to the 2010 Del Webb Baby Boomer Survey.

  Del Webb is America’s largest builder of active adult communities. Targeted to those ages 55 and older, its 50+ communities are currently open for new home sales in 21 states. Del Webb has conducted 10 Baby Boomer surveys since 1996 seeking to better understand the attitudes and opinions of this generation–the current and future customers of Del Webb communities. (More …)

  
   
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• Will Baby Boomers Lead Housing Industry Toward Recovery?

  MSC Marketing 11:10 am on February 16, 2010 | Comments:0
  Tags: baby boomers, home buyers (115), long-term investment (18), Today's Marketplace (34)   Filed under: Buyer Info, People, Seller Info

  By Steve Brown

  RISMEDIA, February 5, 2010—(MCT)—Baby boomer buyers fueled a big run-up in U.S. home construction and sales in the 1970s and 1980s. Now beleaguered homebuilders say they’re hoping aging boomers, who are just entering retirement age, will once again give them robust housing sales.

  “We believe this segment of the market is going to lead the housing industry toward recovery as the market turns around,” said Sharon Dworkin Bell, a senior staff vice president of the National Association of Home Builders.

  The 55-plus home buyer is being targeted by builders all over the country and was a focus of the industry’s annual conference recently in Las Vegas. The numbers are certainly there. By 2014, a quarter of the U.S. population—more than 85 million people—will be 55 or older. “The number of people in that age group is increasing, and there is a lot of promise out there,” builders’ association economist David Crowe said recently. (More …)

  
   
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• The graying (and warming) of America: Where retirees are flocking

  MSC Marketing 11:05 am on December 21, 2009 | Comments:0
  Tags: baby boomers, Census, demographics (8), FL (4), retired, second home buyers (19)   Filed under: People, Statistics

  Old people don’t like cold weather. If they are going to see polar bears, they would generally prefer to do it while watching the Discovery Channel in a beachfront condo in Boca Raton.

  In the most recent census survey, Florida had the largest proportion of elderly people of any state (19 percent), and is projected to grow its lead by 2025, when the state’s population is expected to be 26 percent people 65 and older.

  Alaska ranked last in number of senior citizens – and will continue to skew younger than Florida until global warming evens things out. This will come as no surprise to anyone who has ever tried to play shuffleboard on permafrost.

  Currently, the elderly make up 12.6 percent of the total U.S. population. Between 1995 and 2025, the number of elderly are projected to double in 21 states. Only four states drew at least 15 percent of their population from the elderly in 1995. Over the next 16 years, that number should grow to 48 states.

  Not surprisingly, Alaska is one of the two states expected to fall short in elder-growth. However, California – which will likely have the largest population overall by 2025 – is projected to be the other state in which old folks are under represented, with 13 percent.

   

  Source: U.S. Census Bureau/Bradenton Herald

  
   
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• Home Buyer Demographics

  MSC Marketing 3:06 pm on June 10, 2009 | Comments:0
  Tags: baby boomers, consumer confidence (52), demographics (8), Gen-X (2), Gen-Y (2), home buyers (115), housing affordability (45), real estate (163), second home buyers (19)   Filed under: Buyer Info, Seller Info, Statistics

  • Gen-Xers & Gen-Yers represent a disproportionately larger share of first-time home buyers compared to older generations.
  • Baby Boomers and Civics (Age 64+) represent a disproportionately greater share of second home buyers.
  • Increased demand for all types of housing drives affordability down.

   

  

  Home Buyer Demographics

  
   
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• Today's Real Estate Consumer

  MSC Marketing 2:43 pm on June 10, 2009 | Comments:0
  Tags: baby boomers, civics, demographics (8), Gen-X (2), Gen-Y (2), home buyers (115), housing affordability (45), real estate (163)   Filed under: Buyer Info, Seller Info, Statistics

  • There will be no falloff in the number of available home buyers in the foreseeable future. Demand for homes will increase seismically over the next two generations, causing affordability to decrease as supply struggles to keep up.
  • As “Baby Boomers” retire and their purchasing influence ebbs, they will quickly be supplanted by 48 million Gen-Xers (age 30-41); then by 73 million Gen-Yers, now in their teens and 20s.

   

  

  Today's Consumer