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Developers look at recruiting retirees as way to boost housing market

Published November 5th, 2009 | 0 Comments


 

Every day, more than 7,000 Americans turn 65.

It’s a rich market for communities and developers eager to tap into aging baby boomers looking to relocate in their senior years — and North Georgia could benefit.

A survey released Wednesday by the National Home Builders Association indicates that about one of every eight persons over age 55 plan to move when they retire. "The retirement market is one that is going to help pull us out of this housing recession,” Dave Robertson, president of RPI Media, told members of the American Association of Retirement Communities during the group’s annual convention in Chattanooga.

Read the full report at the Chattanooga Times Free Press' Web site.

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