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Boomers Still Prefer Aging in Place

By James J. Green

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As in many other areas over the past few decades, boomers are poised to affect in a big way another bedrock of society: the housing market.

According to Market: Trends and Insights on Boomers and Beyond, a study from the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute (MMI), while most boomers said they plan on “aging in place,” more than 1.2 million boomer households plan to move to age-restricted communities. However, said Sandra Timmermann, director of the MMI, “the tendency for buyers in 55+ communities to continue to work in greater numbers and for longer periods of time show us that this group is redefining the traditional notion of retirement.”