the Boomer effect on the real estate markets will be interesting to watch unfold
many Boomers are counting on the equity in their real estate for retirement
that means:
– sell the house
– refi and cash out
– HELOC or 2nd mtg
– reverse mtg
what we don’t know is how many Boomers will choose ‘sell the house’ as an option
we also don’t know what state the financial markets will be in – it is possible that options 2 through 4 may not exist when Mr/Miss Boomer needs money to live on
I am expecting a bottom somewhere in the 2011/2012 timeframe but Boomers selling to fund their retirements could keep real estate markets flat for a looooonnnggg time after the bottom
