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Homesales booming among 55+ buyers

  • May 18, 2012

Homesales booming among 55+ buyers

Within the growing optimism among home builders in general, there is a smaller segment of the industry that is experiencing an even more bullish market: new homes marketed towards those 55 years of age or older. The number of Americans in this demographic planning to buy a new home is the largest it has ever been, according to the National Association of Home Builders (NAHB).

"We are servicing the largest growing group of buyers that we have ever seen in this age category," said Housing Council Chairman W. Don Whyte. "It is a population that is dramatically different from what it was only a few years ago."

One reason for this unpredicted increase might lie in the simultaneously rising resale value of homes, according to National Mortgage Professional. The increasing final sums those in this group are able to receive for their current home  might be the push they need to start making arrangements with out of state movers.

The size of this growing market means that there will likely be a great deal of movement among this group. As they may well have accumulated a great deal of possessions, those 55 and older will likely have a full plate when moving into their new home, and using a household moving company can help the process considerably. 

 

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