Survey Says Many Boomers Would Like To Move

During their lifetime, the typical American will move 11 times, according to the U.S. Census Bureau. In fact, by age 30, the average person will have changed addresses six times already. But what about older Americans? Well according to a recent survey from Freddie Mac, there are a lot of Americans age 55 and older who say they’d like to move at least one more time. Among survey respondents, 63 percent said they’d prefer to age in place but nearly 40 percent said they’d like to move. Dave Lowman, Freddie Mac’s executive vice president of single-family business, says the way we age has changed and it could have a significant impact on housing trends in the future. “Consider that at age 55, our grandparents started moving to retirement and senior living communities,” Lowman writes. “By contrast, todays’ baby boomers are a vibrant, confident generation who are living longer and are definitely on the move.” Among the top factors influencing whether or not to move, older Americans named affordability, amenities, and less maintenance as their highest priorities. Other factors included living closer to other family members, downsizing, warmer weather, and living somewhere that is walkable and has access to public transportation. More here.


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