BABY BOOM HOUSES BOOM BOOM BOOM

The housing numbers are out again and the trend continues. Baby Boomers are buying homes and second homes. The wealth in our country has never been higher and Boomers have the empty next syndrome. They have the resources to own a second home. They are likely to own two homes for the next 20 years or more. This trend implies frequent travel including frequent air travel. The airlines have a long way to go before revenues will exceed costs but major strides have been made. Boomers are buying second homes primarily in resorts. Prices are soaring. Second home buyers should get in on the trend early as prices are not likely to see these levels again.

New home sales up 9.4% last month!