Welcome to our Chautauqua Lake blog. We want to provide you with informed information on Chautauqua Lake and Chautauqua Institution living and real estate. We will regularly post up to date comments and information on the activities and real estate market on and around Lake Chautauqua and Chautauqua County NY. Please feel free to post your comments and questions.
Thursday, December 29, 2005
Boomers, Economy Bolster 2nd-Home Market(December 20, 2005) -- Though the second-home market usually is the first to experience a downturn, experts say this niche will remain strong for at least the next decade.David Berson, Fannie Mae chief economist, says the strong economy and the massive number of baby boomers entering their prime years for buying a second home will bolster the market over the next 10 years or more. According to Loyola University demographer Kenneth Johnson, baby boomers will continue to move to scenic, rural areas that are in close proximity to their jobs and primary residences in major cities. Prices on the East and West coasts—particularly in Oceanside, Calif.; Pompano Beach, Fla.; and Beach Haven, N.J.—and in popular ski and resort areas continue to rise. Source: Chicago Tribune (12/20/05); Burns, Greg
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