Retirees Planning To Purchase New Homes August 1st, 2013
No longer are homebuyers purchasing homes they plan on retiring in, meaning movement is certain in the real estate market, according to a real estate industry survey.
A recent survey of home buyers by Fulton Research & Consulting, Inc., showed that more than half of homeowners plan to move when they retire, meaning real estate executives can look to more market inventory.
“When you combine a high intent to move with the very large number of Baby Boomers in or approaching their retirement years, it means increased interest in active adult housing,” says Dan Fulton, president of Fulton Research.Key findings of the “Today’s Home Shopper Survey”, which polled more than 1,000, includes:
“Moves within and beyond metro markets provides a large number of prospective homebuyers for both infill and outlying active adult communities. Active adult prospects are experienced home buyers who need to be well understood in order to satisfy their needs and desires. The types of homes and communities they seek vary widely,” the survey states.The survey covers issues relevant to current market conditions, including:
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