The modern 55 and older homebuyer isn’t looking to sit all day on a recliner pondering our end of life options. Longer lifespans, greater health, increased affluence and current sensibilities about aging are transforming the neighborhoods designed for late Boomers and Gen X homebuyers.
“We know the story: the 55-and-older population will grow by 12 million between 2025 and 2033,” notes managing principal of John Burns Research and Consulting firm Ken Perlman in a June 4 insights report. “These aren’t your grandparents’ active adult buyers. They are healthy, wealthy, and tech-savvy.” According to Perlman, these are what this homebuyer is seeking. Does it align with your preferences if you fit into this age group?