✉news BusinessReal Estate first seen 1 h ago, last 1 h ago, peak #9
Baby boomers spend big renovating homes to age in place
Original: Baby boomers are aging in place and plunking down hundreds of thousands on renovating their homes
Baby boomers are increasingly choosing to stay in their own homes as they age rather than move to retirement communities, and many are spending hundreds of thousands of dollars renovating them to suit. The trend is drawing attention for its impact on housing supply and the home renovation market.
Why now: The trend reshapes the housing market and retirement planning conversations as the large boomer generation ages.
Evidence
- Baby boomers are aging in place and plunking down hundreds of thousands on renovating their homes · Fortune
API: https://socialmediatrends-api.osmike.com/v1/trends/141966