Baby Boomers Aging-in-Place Need a Plan
Posted by Ross PAVL ELITE Real Estate Group on
By Rebecca Wissink
When society and culture shift, often slowly but sometimes rapidly when reacting to a global pandemic, these changes impact every area of life, including housing. Almost two years into the COVID-19 pandemic the real estate and housing market has undergone radical changes. Prices soared in some markets, people moved to places that traditionally see little growth in population, and a new trend emerged - Baby Boomers choosing to age-in-place. Rather than downsizing into a condo or moving into a group living situation, Baby Boomers are refusing to give up their larger homes. However, this is actually a continuation and variation of a pre-pandemic trend that was already being documented back in 2018. Pre-pandemic, millennials who could…
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