I just reviewed an article by the National Association of Realtors that summarizes a recent survey that looked at the Baby Boomer generation and their housing needs. Given that Big Bear Lake is a four season resort town located in the San Bernardino National Forest, just 2 hours from Los Angeles, our real estate market is directly effected by the purchasing trends of this generation.
Click here to review the article.
The article points out that the Boomers are typically working longer and waiting longer to retire and make their purchases. I have found many of the buyers of Big Bear real estate are looking to retire in the next 5-10 years but ready to buy now and in the near future. Many are looking for vacant land with the option of building in the future while some are ready to buy their retirement home now. Either way, this article is encouraging news for the Big Bear real estate market.
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