WASHINGTON – One in four baby boom generation households (26%) expects to move from their current home in the future, with the majority looking for a single-level home that is more comfortable or convenient, according to a new survey prepared for AARP.
Reflecting previous surveys, most boomers (79%) say they would like to stay in their current home for as long as possible. Some — less than 10% — said they would like to stay in their current home but do not think they will be able to do so.
Many of those who expect to move said they will be looking for a better house, a better climate or a home that is closer to family and friends. More than half of those boomers (age 45-64) planning to move expect to look for a home that's all on one level (59%). Approximately half said they will look for a newer home (50%) or a smaller home (49%).
Older boomers are significantly more likely than younger boomers to think that they will move into a single level home (68% vs. 54% of those planning to move), but age is not the only factor that affects expectations. Boomer men are more likely than women to believe they will move into a newer home (61% vs. 42%) or move into a home in a warmer or better climate (41% vs. 25%) Boomer women are more likely than men to think they will move into a smaller home (54% v. 41%).
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