Forbes' Biggest Boomer Towns? Austin TX ranks as #7 for the Baby Boomers to move and retire to. This Boomer population is around 36 million people across the country. They "will continue to influence communities and real estate markets across the country..." Why is this interesting? Because some of the top cities for the Boomers are also the same top cities for, what Forbes' calls, the "young and restless".
I chuckled when reading the article because it talks about how developers were anticipating Boomers to move back into the main cities upon becoming Empty Nesters, but that's not what the people actually want, hence why they will continue to influence real estate. The study shows that from 2000 to 2010, the cities lost 12%. That's significant.
I guess all these new city condos are going to have to be catered more towards the young professional, which is the way the markets have been moving in the past few years anyway.
An interesting tidbit for my personal business is that I'm finding Empty Nesters are actually buying larger homes, not smaller. I have some buyers coming into town tomorrow from St. Louis and they're looking for a minimum of 3000 sqft and 4 bedrooms. They're anticipating a lot of family visiting!
Real Estate Recovery is fast and fierce here in Austin TX! Austin was just deemed the Best Place to Live for 2011. We can't stop the awards from rolling in!
The Forbes' Top 10 list for Biggest Boomer Towns is:
#1 - Las Vegas
#2 - Phoenix
#3 - Tampa / St. Petersburg
#4 - Orlando
#5 - Riverside / San Bernardino
#6 - Raleigh
#7 - Austin
#8 - San Antonio
#9 - Jacksonville
#10 - Charlotte
**Are You Packed Yet?**
Austin TX Real Estate
and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
** Multi-Million Dollar Producer Year after Year **
Copyright© 2011 By Donna Harris, All Rights Reserved. You may re-blog with links back to this post.
* Real Estate Recovery - Austin TX Ranks #7 for Biggest Boomer Towns- Forbes * was first published on donnahomesblog.com.