Baby Boomers nests are growing and the ones with empty nests are selling their lawnmowers without blinking an eye. What does it mean? Well, boomers whose children have grown are beginning to move to large but maintenance-free homes all over the US.This, according to Margaret Wylde, a housing market expert who writes that it's a myth that everyone over 50 is downsizing. Her research shows that most people in the boomer generation who live in homes between 1,600 and 1,800 square feet will likely move into even larger homes during their empty-nest years. Wylde continues on to say that by 2011, half of all homeowners in the US will be 55 years of age or older. The vast majority of them no longer want to take care of the lawn or shovel snow anymore either. They do however, have sizable equity in their homes and want nicer digs with more amenities and features than what they've had previously.
If you're a boomer in a similar situation, contact me and we'll discuss how you can trade home maintenance for a carefree life in an adult community.
Pictured: The Cascades at St. Lucie West, Port St. Lucie, Florida
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