HI: Boomers Help Market
An increasing number of Baby Boomers are choosing to retire in Hawaii. As such, they have been having a significant impact on the market. Housing inventories have remained down for the 10th straight month, property taxes remain low and conforming loan limits have stayed high. All a result of the influence Baby Boomers are having on the market there.
The first of about 75 million Baby Boomers began retiring in 2006. One local realtor speculates that even if only 1/10 of 1% of the Boomers moved to Hawaii to retire, it would create a huge boom in Hawaii real estate and make a massive difference in their market.