Real Estate Boom To End? – No!

The naysayers are proclaiming the end of the real estate boom once again. Once again, they are wrong.

Boom, Boom, Boom

In recent years, it’s impossible to turn on the television or read the headlines without seeing a warning of impending doom. Experts claims there is a housing bubble and it is about to burst. Should first-time and move-up homebuyers be concerned? No.

We keep hearing about the bursting bubble, yet the real estate market continues to boom. How can this be? Demographics are the primary reason.

The most significant and frequently mentioned demographic is the “Baby Boom” generation, which refers to children born in the years following World War II. Economic forecasting expert and author, Harry Dent, has written extensively about how property buying habits occur in a predictable fashion as a generation ages. From needing an apartment in college, to buying a starter home and eventually trading up to something larger, it is all cyclical. Since the Baby Boom generation is the largest so far, their impact has been far greater than the generations that preceded them.

Now that Boomers have moved into their top earning...