Found 2 blog entries tagged as baby boomers.

Baby boomers continue to dominate the national housing market. GETTY IMAGES

Austin Business Journal writes, "Baby boomers own an outsized share of homes in America — and nearly half of them say they’ll never sell.

About 43% of baby boomers say they will never sell their home, the highest of any generational group, according to a survey of U.S. residents ages 18 to 65 by real estate firm Redfin Corp. (Nasdaq: RDFN). The biggest single reason cited for staying in place is that their home is almost or completely paid off, while others say they like where they live.

About 30% say they are staying in their current home because prices are too high and 18% said they are staying because they don’t want to give up their low mortgage interest rate.

The survey results are playing out in real time, with a recent Redfin analysis…

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AXIOS Austin writes, "aiming to win older empty nesters, Austin apartment developers are now including spas and libraries.

Why it matters: More senior communities look like modern luxury apartments.

Driving the news: America is going gray. Baby boomers and their kids make up a growing share of the country's population, according to Census Bureau data.

  • In greater Austin, the share of renter households that are 55 or older has hopped from 11.1% in 2005 to 17.6% last year.

What's happening: Apartment developers are courting empty nesters as young as 55 years old, dangling prime locations, easy living and amenities you'd expect at a five-star hotel, senior living expert James Hill with Houston-based Kirksey Architecture tells Axios.

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