Knoxville Business Journal Reflects on Baby Boomer's Shift to Condos
This week's Knoxville Business Journal includes an article on how baby boomers are looking to maintenance free options in their next phase of home purchase.
Josh Flory, who wrote this blog entry earlier in June, penned the article:
As the baby boom generation enters its retirement years, developers see a market among seniors who want to ditch the hassles of home ownership but are still willing to pay a premium price for their abode.
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Perhaps more importantly, the developers are aiming at a market that doesn’t want to be bothered with mowing the yard or mulching the flower beds. “I think there is a growing … interest in condominiums,” Howard said. “I think people — particularly kind of the market segment that we’re targeting, people downsizing or moving out of larger single-family homes — don’t really look as much at another single-family home.”
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