If the national real estate market behaved as Coldwell Banker brokers say their baby boomer clients do, a recovery would be in full force.

According to a survey of 1,333 agents conducted by the national brokerage and released today, 87 percent of Coldwell Banker agents reported having at least one baby boomer client who owns or is looking to own a second investment property. Twenty-two percent of respondents said at least half of their clients in the demographic own or covet such a property.

“Our survey clearly indicates that those boomers who are financially secure are actively seeking to buy their retirement home, or a second home, and they are taking advantage of the opportunities and value available in today’s market,” said Coldwell Banker CEO Jim Gillespie. – Adam Fusfeld
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While the debate over whether to buy or rent rages on in New York City, Coldwell Banker CEO Jim Gillespie says that now is the time to make a home purchase nationally. The real estate group recently conducted a survey outlining the reasons to buy a new pad, ranging from the federal allowances to market stability. Gillespie told ABC News that major incentives, including the first-time homebuyer tax credit and dramatically lower prices in some states, particularly in Florida, are making the housing market especially favorable for buyers.