Baby Boomers buying Lake of the Ozarks real estate

57% of all vacation homes are owned by baby boomers, according to a National Association of Realtors study. 

The comprehensive study of nearly 2,000 Americans born between 1946 and 1964, conducted for NAR by Harris Interactive, also shows boomers are optimistic about the future, but many are not adequately prepared for retirement.

Four out of ten respondents who own a vacation home or seasonal property intend to eventually make that property a primary residence. Historically, other NAR survey data shows only one in five vacation-home buyers had such intentions when they first purchased the property.

All of this bodes well for the Lake of the Ozarks market and it’s future for the next decade. 

If you have any questions about RE/MAX Lake of the Ozarks or buying or selling Lake of the Ozarks real estate, you can always contact John Garrett at 573-302-2320 or e-mail me for a fast response. 

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