Raleigh, NC: A Beloved Housing Market for Boomers

Jan 28, 2015

Home SellingThe results are in: Raleigh, NC is an excellent place to retire! This is according to a recent study by the National Association of Realtors.

Evidently, Raleigh was near the top of the list of cities that the National Association of Realtors thinks are poised to see an influx of older baby boomers.

Continue reading to learn more about this important and interesting trend.

Why Baby Boomers Are Expected to Located to Raleigh

  • According to the recent article I was reading, Baby Boomers may be attracted to Raleigh for a variety of reasons, including:
    Lower cost of living
    Strong economics
    Ample amenities to enjoy

And being an attractive place for Baby Boomers is no small accomplishment. After all, according to US Census researchers, there will be 60 million boomer between the ages of 66 and 84 by the year 2030.

Thus, this is a major cohort and is likely to have a substantial impact on any real estate market they decide to settle in en masse.

A Look at the Full List From the NAR

Not granted, the NAR said it expects many Baby Boomers to “age in place,” and stay where they’ve always lived.

But here are those cities that the NAR think will be most popular among Baby Boomers to migrate to in the next several years:

  • .Albuquerque, New Mexico
  • Boise, Idaho
  • Denver
  • Fort Myers, Florida
  • Greenville, South Carolina
  • Orlando, Florida
  • Phoenix
  • Raleigh, North Carolina
  • Sarasota, Florida
  • Tucson, Arizona

Your Dedicated Wake County REALTOR

What do you think of the recent study? I would love to hear your thoughts!

For now, if you are personally considering buying or selling real estate in Raleigh, please make sure to contact me, Rachel Kendall. I have years of experience helping clients on the Raleigh area real estate market and I would love to assist you as well by answering any questions you might have as well as providing you with some valuable resources.

Until next time,

Rachel

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