Baby Boomers are Propping Up Miami Metro Real Estate

by Isaac Benmergui, Esq on April 11, 2013

MiamiBaby boomers are finished with the quiet suburbs and heading in towards the cities, creating a boom in Miami metro real estate. Large homes, large yards are no longer a draw; the kids and the dogs and the need for good neighborhood schools is over. The classic empty-nesters, want more to do than simply watch the grass grow.

The growing trend among Baby Boomers is the selling off of their South Florida homes and moving to an area with more walkability, in close proximity to public transit and diversity of activities. And because their children usually head to cities right after college, they can be closer in case they’re needed.

Developers are working fast to build hundreds of new condominium and rental apartments. Urban construction is up; secondary urban markets, formerly the suburbs, are taking shape. Planners are creating quaint, European-style walking plazas with outdoor dining areas to attract the casual evening walker.

“I think it’s a lifestyle question, what do I want in my next stage of life?” Tschiderer said, listing education, experience, environment, museums and walkability as pluses to living in an urban environment.

Although housing confidence is up in active adult communities, it isn’t rising as quickly as urban areas.

Getting Legal Help

The law offices of Isaac Benmergui can help you with your legal real estate needs; call 780-800-2510 or email Isaac@benmerguilaw.com for more information or to set up an appointment today.

 

 

 

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