Tuesday, November 04, 2014

Many Boomers Plan to Move in Retirement

More than one-third of Boomers plan to move when they retire. A survey of Americans aged 50 to 69 found a substantial 37 percent saying they intend to move. Among those who plan to move, 54 percent want to downsize—defined as moving to a smaller or less expensive home. This is the next house Boomer movers say they are looking for...

56% want to buy a single family home
22% want to rent an apartment in a multifamily building
12% want to rent a single family home
10% want to buy an apartment in a multifamily building

Source: The Demand Institute, Baby Boomers & Their Homes: On Their Own Terms

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