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baby boomers
Trends
- 1Baby boomers spend big renovating homes to age in place▼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 facilities, and many are spending hundreds of thousands of dollars renovating their houses to make that possible. The trend toward 'aging in place' is driving a wave of home improvement spending, with renovations aimed at accessibility and long-term comfort.
- 2Baby Boomer Homes at Center of Housing Supply Debate●Baby Boomers' Homes Spark Debate on Future Housing Supply
A debate is under way over what happens when baby boomers begin selling off their homes in large numbers. Some argue the wave of listings could ease housing shortages and bring prices down, while others say the homes are concentrated in areas with weak demand or will be passed directly to family members, limiting any real impact on supply for younger buyers.