Boomers Are Not Downsizing

Massive in size, the Baby Boomer population continues to have a heavy influence on the residential property market. Some 40 percent of all U.S. households are headed by an individual between the ages of 50 and 69. Demand Institute polled more than 4,000 of them, with surprising results. Popular belief holds that boomers will scale down their living quarters when they reach retirement; but the market tracking firm found that nearly two-thirds have no intention of relocating. And according to the survey, almost half of those who do expect to move will actually trade up to a bigger space or will spend more money on their next home. | Read More