Interesting demographic home buying
patterns clearly emerge out of the flux of the changing marketplace.
We observe that the residential inventory
is steadily declining (8 month supply) while prices bounce around the bottom
... as buyers and sellers maintain a contentious tug-of-war to protect their
Place this awareness against a backdrop of
sustained low lender rates and we begin to see that the moment is prime for
Indeed many alert young people wanting to
convert rent into equity are taking advantage of this opportunity in great
Yet, an unspoken pattern is also emerging
from the opposite pole.
Seniors who have weathered the changing landscape
of their lives also recognize a good thing, and are now taking advantage of
this moment in history by restructuring their housing needs to fit their new lifestyle
Certainly this event is quite noticeable in
the urban area of Philadelphia where: suburban seniors as empty nesters are
migrating into the urban landscape; and urban seniors are trending to one floor
living, and locating within strolling distance to great restaurants and a
lively menu of cultural activities and energetic, healthy living.
For the first time in history seniors are
making an indelible mark in the residential real estate market, emerging on the
horizon of welcomed economic change.
Charles Balducci Â 215.531.2000
Coldwell Banker Preferred
1401 Walnut Street Â Eighth Floor
Philadelphia, PA 19102