Here's a short article from the Certified Residential Specialist Member Connect which sheds some light on some buying trends.

Survey Reveals Home-Buying Trends Among Baby Boomers
Many baby boomers are delaying their plans to sell their home due to concerns about the economy, but the desire to buy a new home or a second one remains strong, according to a Coldwell Banker survey. An estimated 79 million Americans are part of the baby boomer generation.

A majority of agents surveyed say they have baby boomer clients who already own or are looking to own an investment property, including 22 percent of agents who say that at least half of their boomer clients either own or are looking to own investment properties.

The survey also reveals home-buying differences between older and younger members of the boomer generation. About one-third of agents (34 percent) say younger boomers (aged 47-55) are interested in purchasing a second home, compared to 22 percent who report older boomers (ages 56-64) are interested in a second home.

Nearly one-third (31 percent) say that younger boomers are selling their current home and looking for a larger home, compared to 6 percent who report that older boomers are trading up. Slightly more than half of agents say younger boomers are trying to downsize their home compared to 80 percent who say that older boomers are downsizing. Younger baby boomers are more likely to prefer a single-family home than older boomers (82 percent vs. 47 percent).
Wed, Oct 12, 2011