Survey: Boomers May Not Choose Active Adult Communities, Downsize

Many aging home owners may not want to move to an active adult community when they retire, according to a survey from ERA Real Estate. While surveying 1,500 people ages 50 and older on their opinions toward real estate and the homebuying and selling process, ERA noted that only 8% of those considering a move in the next five years would move to an active adult community.

The survey also disputed the perception that many seniors want to downsize. Only 11% of the respondents felt their current home was too big, while 25% thought their home was too small.

Among the other key findings:

• More than 61% of the respondents would consider purchasing a single-family home.
• The average senior lives in a house with three or more bedrooms and two or more baths.
• Seniors listed the Internet as the most popular home buying research method, although most wouldn't go online to find their broker or real estate agent.

Check out the press release for more information on ERA's survey. [ return to top ]