Jim Gillespie Boomers Quotations

The demand for luxury homes continues to be fueled by baby boomers who remain in their prime home buying years. This group has amassed great wealth through investments, inheritances and equity and appreciation of their homes. Their strong buying power, coupled with the historically low mortgage interest rates we have enjoyed over the last few years, have spurred the luxury home buying segment, which also includes second homes and new construction.

The baby boomers have acquired more wealth than any previous generation. Now their children are moving into adulthood, and they're looking to their parents for help in buying a home. And they're getting it.