Where are the "Boomers" Moving?

According to a survey by the National Association of Realtors,
"Half of the Baby-Boomers who live in an urban area, would like to retire in a small town or rural area. Their ideal retirement location characteristics include a lower cost of living, being near family, quality health care, better climate, and being near a body of water."

Who are the Boomers?

• "Boomers" denotes anyone born between 1945 and 1964, and there are approximately 79 million boomers today.


• "Boomers" are the age group most likely to own homes, and 59% say that they will move when they retire.


• "Boomers" have the single largest median household income in the history of the United States. In fact, 77% of the wealth in America belongs to people over 50.


• While "Boomers" represent barely a quarter of the US population, they own 57% of vacation homes, and 58% of rental property.

With the majority saying that they want to be near a "body of water", this means that North Carolina can expect a 4.5 million populatition increase, concentrated on the coastal area in the next two decades -- quite remarkable, considering that it took over two centuries for North Carolina to reach it's current population of approximately 8 million!

The Boomers are fueling the demand for housing in Eastern North Carolina, making it one of the safest real estate investments in the country.