One Cool Thing – “Baby Boomers’ Reality”
The Lawhead Team would like to share the latest “One Cool Thing” from the California Association of Realtors about baby boomers and their homes they live in.
Baby boomers are staying in their homes longer than other generations.
Why have they not sold their homes?
- 78% of baby boomers say they like their home.
- 54% felt they have not saved enough money to retire comfortably.
What are baby boomers‘ future housing plans?
- 4.7% of owners plan to downsize.
- 4.4% plan to move out of state.
Source: CAR 2014 Baby Boomer Survey