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baby boomers
Trends
- 1Baby Boomers Spend Big Renovating Homes to Age in Place▼Baby boomers are aging in place and plunking down hundreds of thousands on renovating their homes
Many baby boomers are choosing to stay in their current homes rather than downsize or move to retirement communities, and they are spending hundreds of thousands of dollars renovating them for aging in place. The trend covers accessibility upgrades, remodeling and long-term comfort projects, with housing analysts watching its impact on the real estate market and retirement planning.
- 2Baby Boomer Homes at Center of Housing Supply Debate●Baby Boomers' Homes Spark Debate on Future Housing Supply
A debate is under way over what happens when baby boomers begin selling off their homes in large numbers. Some argue the wave of listings could ease housing shortages and bring prices down, while others say the homes are concentrated in areas with weak demand or will be passed directly to family members, limiting any real impact on supply for younger buyers.