Baby Boomers are Leading the Real Estate Market

If you are looking to start or continue your real estate career, you might want to target the Baby Boomer generation. According to the National Association of Realtors, this group of Americans is leading the country in real estate ownership.

Facts & Figures

- Nearly 1 in 8 own their homes; they own more than half of all second homes.
- 1 in 4 owns a commercial property, second home or vacation property; one-third who own rental property have more than one unit.
- 1 in 7 own undeveloped land, with an average individual holding five acres.
- Their median household net worth is $149,500; 39% have net worths that range from $250,000 to $5 million.

Was does that mean for you? If you choose to get your real estate license and oversee home sales, you should concentrate your efforts on this target market. They have an abundance of finances that many of them are willing to invest in a variety of properties.

Known as "the greatest real estate generation," they plan to invest even more. Two-thirds plan to purchase a new primary residence; 26% plan to buy land; 19% will acquire rental properties; and 14% will invest in commercial real estate.

It is the ideal time to enter the real estate market as a licensed real estate salesperson or broker. As the economy thrives and interest rates remain constant, you will see this demographic expand their real estate holdings. This means more commission in your pocket!

Labels: California real estate license, home owners, real estate license, Real Estate Market, the greatest real estate generation

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