Baby Boomers Downsizing To Smaller Homes

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For those of you who need to know who these ‘Baby boomers’ are, they are the people who were born just after the World War II and are called so because of the boom in the number of babies during that period.

According to a study by FH Boom, a group that studies this generation, Boomers have an adventurous spirit. They love to travel and are known to prefer a ‘lock and leave’ kind of housing. They are ready to move to smaller quarters much earlier in life, say 50’s while they are still working, when compared to their parents who often waited to the later part of their lives to do the same.

Baby Boomers are moving to favor housing such as condos, active adult communities and city apartments. According to the Over-50 Council of the National Association of Home Builders (NAHB), about 6 percent of people, between the age bracket of 55 and 64, move every year. The reasons usually vary from empty nests, to unexpected job offers, and early retirement plans. Whatever the reason for moving, Baby Boomers seem to do so with a fair amount of alacrity.

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