Mesner cites data which reflects current housing trends
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This row of eight new townhomes on Cottage Park Drive was featured in last week’s housing tour. Townhomes are in demand in Aurora and across the country, according to a housing trend report which noted that senior citizens are looking for a place to downsize.
A combination of Baby Boomers reaching retirement age and a decline in the number of traditional “nuclear families” nationwide is having an impact on both the housing stock and housing demands facing most rural communities, according to an area development company.
Cliff Mesner, owner of Central City-based Mesner Development Co., offered a detailed assessment of housing stock trends just prior to last week’s Aurora Housing Development Corporation tour.
“Normally in a healthy housing market, you see the housing stock keeps rolling,” Mesner told a small group of realtors and city officials gathered at the Aurora Community Clubhouse. “It’s a pattern we’ve all seen. When you’re 20 you buy, when you’re 30 you upgrade, when you’re 40 you downsize, and when you’re 60 or 70 you go to assisted living facility when you absolutely have to.”
That’s historic pattern started after World War II, Messer explained, driven by demographics of that era.
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