7 demographic trends that real estate pros need to know 

Housing demographics image via Shutterstock.com.

The National Association of Realtors' latest Profile of Home Buyers and Sellers for 2011 has some surprising statistics in terms of who is buying and selling in today's market. With the end of the first-time homebuyer tax credits, baby boomers have replaced Gen Yers and Gen Xers as the dominant players in today's real estate market.

There were a number of very surprising statistics in this year's profile. Here are some of the key trends, many of which have important ramifications in terms of where to focus your efforts in 2012.

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