3 Bedrooms | 2 Bathrooms | More Than 2,000 Sq. Ft. | Fenced Backyard | Optional Boating AccessPresented by Michael Downer, Broker Associate | Downing-Frye Realty | Quintessential NaplesMore Space,
Dated: December 13 2022
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A new survey finds 70 percent of Gen X and Baby Boomer Americans say they plan to stay in the home they currently own after retirement. You may be someone who envisions moving somewhere beautiful when you retire. After all, spending your retirement soaking up the sun somewhere near the water doesn't sound too bad. But while many of us may fantasize about moving away in retirement, the reality is the majority of us are happy where we are.
The reasons vary, including everything from having a low mortgage payment to remodeling the house to fit their needs. Whatever their reasoning, many Americans don't see themselves selling their homes and moving away. So many Americans that it may be affecting the housing market. How so? With more of us planning on staying in our current homes during retirement, fewer existing homes are available to home buyers.
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