Diana Eckstrom

LICENSE: 475.098850

(847) 987-5006
(847) 495-5000 (Office)

My Blog

Baby Boomers and Housing

Posted On: June 1st, 2016 7:55PM

An active group, and major contributors to our economy, baby boomers were born in the two-decade period from 1946 to 1964. The leading edge of the boomers are approaching 70; the youngest are just beyond 50. This group has made, and continues to make, a huge impact on the U.S. economy, an impact that is not limited to real estate. 
When it does come to housing and the decisions boomers make, economists constantly try and predict what their decisions will be. The second largest group of homebuyers after millennials, they are historically used to the larger home with room to spread out and raise a family. Many are now ready to down-size, but they don’t want to give up the urban lifestyle, mobility and amenities they have become accustomed to in their homes.
Single-story construction, high-ceilings, an outdoor space and low-maintenance are amenities on their short-list of requirements, as well as wide doorways and a layout that accommodates an aging lifestyle. A discerning, active and savvy group of buyers, developers are scrambling to design and construct homes to meet these needs.
A boomer myself, I am particularly tuned-in to the needs of this large portion of our populous. My friends and I visit often about our plan for housing in the years to come. I make an extra effort to know the trends, what’s available locally and where new developments are popping up so I can pass this info along and be the best real estate advisor possible for my clients.
Speaking of new developments, there is a townhome development slated to break ground soon right here in nearby Palatine. It’s called Newberry Lane and will offer 16 spacious units. I’d love to share more about this exciting opportunity with you, as well as answer any questions you may have about down-sizing or making a housing change.
Reach out anytime! I look forward to connecting with you.

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