Photo courtesy of Robert Hensley via a Creative Commons license

Photo courtesy of Robert Hensley via a Creative Commons license

Dallas is one of 15 top markets poised to attract baby boomer homebuyers because of an affordable cost of living, sunny weather, and friendly business climate, according to new research by the National Association of Realtors (NAR).

NAR looked at 100 metro areas with lower state taxes (or none at all, as is the case in Texas), stable job market conditions, and strong migration patterns of “leading-edge baby boomers” (those 60-69) moving to that area. By doing this, they predicted which housing markets are likely to see a boost from baby boomers. Cost of living, housing affordability, and housing inventory availability were also factors in their rankings.

For these reasons, Dallas was identified as one of five markets with strong potential for attracting baby boomer homebuyers.

“It comes down to housing affordability, and lower tax rates in the Dallas area and the state as a whole,” said Adam DeSanctis, NAR economic issues media manager. “More boomers after 65 are working, some because they have to, or feel like they have to, but also those that are healthier and want to maintain an active lifestyle. Those [baby boomer] business owners come to Dallas for its dynamic local economy.”

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301-Western-lake-drive-ext

Just in time for Vacation Home Week, we found this very favorite listing of our’s in Watercolor, Florida, one of our very favorite second home spots, on the bargain table. This is like when you find a Firenzie handbag on sale at Neimans — you know it doesn’t belong there, but it’s there and reduced and you snap it up faster than you can locate your credit card. That’s exactly what you need to do with this house. If you know anything about Watercolor and the panhandle Gulf coast of Florida, you will know what a steal this home is.

Located in the heart of Watercolor, 401 Western Lake Drive, less than a five minute walk to the beach, this home is now less than $3 million! (more…)