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Is downsizing a thing of the past?

Don’t expect homeowners approaching retirement in the next decade to downsize. A survey by homebuilder Del Webb revealed the future plans for those ages 49–61¹:

• Older Generation Xers and younger Baby Boomers in this range want to move to a house the same size or bigger than their current one.
• One third of Generation X respondents said they would design their next home to accommodate aging parents.
• Open floor plans are less favored: 34% desire more defined spaces‚ such as a dedicated dining room (preferred by 60% of Generation Xers and 48% of Boomers).

As always‚ my goal is to share information that is timely and relevant to your business.

¹Barbara Ballinger‚ “Upcoming retirees aren’t looking to downsize‚” REALTOR^® Magazine‚ last updated May 2‚ 2019.