Housing Outlook For 2006 Impacts Baby Boomers
Posted October 14, 2007
![Baby Boomer retirement security: The roles of planning, financial literacy, and housing wealth [An article from: Journal of Monetary Economics]](http://ecx.images-amazon.com/images/I/21SWSYXYPML.jpg) |
If interest rates and home prices don’t rise too quickly and if lenders continue to make mortgages with relaxed underwriting standards home buyers should continue to snatch up homes in record or near-record numbers. Baby boomers, less impacted by rising costs and interest rates, are at their peak earning and cash cache years and shouldn’t be thwarted by higher interest rates or prices. The combined demand from first and second home buyers will boost home building especially in Florida, Texas, North Carolina, Georgia, Arizona, California and nearby regions. |
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