Redfin Survey: More Than Three-Quarters of Baby Boomers Plan to Stay In Their Home As They Grow Older
Redfin asked baby boomers in a recent survey what they anticipate their living situation to be as they grow older, and staying in their current home is by far the most common aging plan for older homeowners.
- Redfin asked baby boomers in a recent survey what they anticipate their living situation to be as they grow older, and staying in their current home is by far the most common aging plan for older homeowners.
- Next comes moving in with adult children, with 10% of baby boomers citing that as a possible plan, and moving to an assisted-living facility (10%).
- The results from baby boomers who rent their home are similar to the results for homeowners noted in Redfin’s report.
- Baby boomers staying put is one reason young Americans are having a hard time finding a family home, according to a separate Redfin analysis .