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.