Baby Boomers Are Not Eager to Downsize

Real Estate

Baby Boomers Are Not Eager to Downsize

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Trulia did a study on homeowners 65 years & older and compared the results to a similar survey 10 years ago.

Some of the key findings were:
-Baby Boomers are working to an older age
-More adult children are living with their parents
-Baby boomers are downsizing at age 80 instead of 10 years ago when they were downsizing at age 75
-Their downsizing is evenly divided between a single family home vs a multi-family dwelling
-Lack of affordable options is the biggest reason preventing baby boomers from downsizing

To get more details, click on the "Read More" button at the bottom of the page.

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