Urban Neighborhoods are Aging

In a recent article by the Wall Street Journal, it states that the baby boomer generation is starting to flock back to a more urban lifestyle.  “Hip urban neighborhoods are aging, as a growing chunk of adults in their 50s and 60s and older give up their longtime homes and head for trendy condos.”  The  baby boomers are tired of the big suburban homes and maintenance once the kids leave and are ready for a new adventure.  In my experience, I’ve seen two main demographics in downtown Denver, the young professionals and the empty nesters.  The prices of real estate are being driven up by this “gold rush” as the baby boomers typically have more money to put down on a residence than a young couple just starting out.  This trend is only expected to continue as the boomers age.  This is a fascinating article, click here to read it.

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