Do I Qualify? Widget

Reviews on Zillow
3126365
"Amazing team! I highly recommend them. Fast, efficient and sold out home in 3 weeks. Our home is one of your biggest assets and didn't want to just ... more "
5.0/5.0
by jalhammond
2911178
"Rick was very helpful in the search process, selection and purchase. He was very laid back but at the same time was always available and always ... more "
5.0/5.0
by AndreaWalsh7

Tuesday, January 31, 2006

By 2015, 20 percent of American
households will own two or more
homes. But changing market conditions
will require 2nd home
specialists to change their ways.
"In the past four years, if you
wanted to make money selling
real estate, you just had to show
up and present yourself well.
Houses just sold themselves,"
says Peter Francese, demographics
and marketing expert. "But the
more the market cools, the greater
the need to understand the fundamentals
of target marketing."
Two factors drive the 2nd-home
boom:
· Demographics (householders
aged 55 to 64 are the fastest-growing
segment of the U.S. population).
· And wealth – both inherited,
and made in the 90s economic
boom.
Francese is demographics editor
for Economy.com and the founder
of American Demographics magazine.
He's been right on the
money predicting and analyzing
the 2nd home boom.
Boom will keep rolling
Americans own about 6.5 million
2nd homes now, and
Francese predicts that in just five
years, that number will balloon 50
percent to 10 million. "The fastest
growing age group is 55-64, and
they're more affluent than ever.
Aging baby-boomers are driving
this phenomenon, and they're
now 41-59 years old." Four million
of them will turn 55 each year
– for at least the next 10 years.
"And they have an almost infinite
ability to make and spend
money."
So, there'll be continued strong
demand for 2nd homes. The number
of households that can afford
a 2nd home is growing at two to
three times the rate of all households.
U.S. Census data released
in late August shows the concentration
of wealth is accelerating.
"The top 20 percent of households
take home 50.1 percent of all
income earned in the U.S. That
group that is becoming wealthier
and wealthier is driving growth
in the sales of very expensive 2nd
homes."

12 comments:

Carnival said...

Hello, Just wandering the blogosphere and happened on your blog. I like the way how you have put it all together. I'll be coming back again.

Regards,

myrtle beach condo

Anonymous said...

Blogging is a hit or miss trip ... usually a miss ... but I did enjoy reading your blog, which I put in the 'hit' category. Thanks for look. Stop by my site if you can.

Anonymous said...

Every time I am about to give up blogging, I run into something which catches my attention � like your blog � which is a pleasant distraction from the difficulties of my own real estate work. Thanks for the read. Visit my site if you have a chance.

Anonymous said...

Blog-hopping is a habit I am trying to break since my own real estate work requires a lot of attention to detail. Then I run into a blog like yours and I�m reminded about how the internet expands our views positively. Thanks for the read. Visit my site if you have a chance.

Anonymous said...

Surf's up. Gotta get back to my own real estate sites. Thanks for letting me end the trip with a good read at your blog. Enjoyed it. Visit my site if you have a chance. you have a chance.

Anonymous said...

I can never spend enough time blogging because I�m busy with my own real estate work, but I enjoyed your site. Too brief a visit, but thanks for the insight. Visit my site if you have a chance.

Anonymous said...

When I go blogging, it often ends up a fruitless journey. I often think I'd do better if I just stuck with my own real estate sites ... and then I come across a blog like yours, and it make the trip worthwhile. Thanks. Visit my site if you have a chance.

Anonymous said...

Enjoyed the blog - cheap flight to israel. A new site has been launched with plenty of bargain holidays to choose from. Bookmark http://www.bargainplace.co.uk not just for bargain holidays but for flights and transport to and from airports plus travel insurance deals and holiday clothes.

Anonymous said...

Watiti.com
Join me and my circle of friends at http://www.watiti.com, an online social networking community that connects people from all over the world.

Meet new people, share photos, create or attend events, post free classifieds, send free e-cards, listen music, read blogs, upload videos, be part of a club, chat rooms, forum and much more!

See you around! Bring all your friends too!

Watiti.com

Anonymous said...

canadian personals

costa rica said...

Great investment opportunity at Costa Rica Pacific Coast, Preconstruction condos in costa rica ,
Condo sales in costa rica, Retirement property in costa rica. Visit us for more info at: http://www.ramadajaco.com/

Marry Davis said...

Nice... Blog !!! i really like it. This gave important information about Active Adult Communities PA