http://www.americanconsumernews.com/2007/10/housing-prices-recovering-in-many-markets-nationwide.html Helping Smart Shoppers Save Mon, 22 Mar 2010 09:07:59 +0000 http://wordpress.org/?v=2.9.2 hourly 1 http://www.americanconsumernews.com/2007/10/housing-prices-recovering-in-many-markets-nationwide.html/comment-page-1#comment-976 Joanne Fri, 19 Oct 2007 02:40:00 +0000 http://www.americanconsumernews.com/2007/10/housing-prices-recovering-in-many-markets-nationwide.html#comment-976 The baby boomers (who are second home buyers) are still doing well. They have treated their homes as saving accounts rather than checking accounts and they often are more conservative in their spending. They are used to making money in real estate and are not afraid to buy it. Boomers remember days of 15% interest rates and a 1/2 point increase doesn't scare them away. They know interest rates are still low. Second home markets are still strong in many areas and the baby boomers are the reason for it. In fact, in my second home market in Colorado, 1/3 of our Buyers pay cash! The baby boomers (who are second home buyers) are still doing well. They have treated their homes as saving accounts rather than checking accounts and they often are more conservative in their spending. They are used to making money in real estate and are not afraid to buy it. Boomers remember days of 15% interest rates and a 1/2 point increase doesn’t scare them away. They know interest rates are still low. Second home markets are still strong in many areas and the baby boomers are the reason for it. In fact, in my second home market in Colorado, 1/3 of our Buyers pay cash!

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