Retirees and those approaching retirement are emerging as a vital force in the housing market, with a median age of 61 for repeat buyers. Changing demographics have shifted their priorities, favoring practicality and comfort over traditional desirables. Many retirees are downsizing to single-story, low-maintenance properties that cater to their evolving needs and financial goals. By optimizing their investments and incorporating aging-in-place features, retirees are enhancing their quality of life while maintaining financial stability for retirement expenses and leisure activities.
Retirees are prioritizing practicality over aesthetics, seeking low-maintenance homes in communities that support aging in place, thereby maximizing equity and comfort.
With the median age of repeat homebuyers now at 61, retirees are looking to downsize and make smarter investments into their living situations.
Collection
[
|
...
]