7 Baby Boomer Housing Trends to Watch

Regardless of where baby boomers plan to retire, there are a number of preferences they have in common when it comes to housing during their retirement years. Baby boomers generally want to pay off their mortgage, and they want to reduce their housing expenses by moving to smaller property or a less expensive neighborhood — which will enable them to tap their equity for travel, healthcare, and other expenses. Boomers also increasingly desire convenience, which could mean less maintenance, modern appliances, energy-efficient doors and windows, open floor plans, or one-story living. Among other characteristics, boomers want to live in walkable neighborhoods, renovate their homes to make them more age-friendly, stay in their own homes, and remain near family or friends. | Read More