Which types of showings work

Not All Baby Boomers Plan To Move

Plenty of baby boomers don't plan on moving at all. A study from the AARPsays more than half of adults aged 65 and older want to stay in their homes and not move as they age (see graph below):

While it's true circumstances may change and some people who don't plan to move (the red in the chart above) may realize they need to down the road, the vast majority are counting on aging in place. 

As for those who stay put, they'll likely modify their homes as their needs change over time. And when updating their existing home won't work, some will buy a second home and keep their original one as an investment to fuel generational wealth for their loved ones. As an article from Inmanexplains:

"Many boomers have no desire to retire fully and take up less space . . . Many will modify their current home, and the wealthiest will opt to have multiple homes."

Even Those Who Do Move Won't Do It All at Once

While not all baby boomers are looking to sell their homes and move – the ones who do won't all do it at the same time. Instead, it'll happen slowly over many years. As Freddie Mac says:

"We forecast the 'tsunami' will be more like a tide, bringing a gradual exit of 9.2 million Boomers by 2035 . . ."

As Mark Fleming, Chief Economist at First American, says:

"Demographics are never a tsunami. The baby boomer generation is almost two decades of births. That means they're going to take about two decades to work their way through."

Bottom Line

We are not seeking a massive number of homes come on the market for sale and shaking the housing market . Are you looking to downsize, Connie Sadowski is a pro, text, or call her today 614-943-0025. Always a help, never a hassle.

*Wire Fraud is Real*.  Before wiring any money, call the intended recipient at a number you know is valid to confirm the instructions. Additionally, please note that the sender does not have authority to bind a party to a real estate contract via written or verbal communication.