NAR in the News: Baby Boomers and Housing (The New York Times)

Older CoupleWhether they’re downsizing to smaller homes or moving across the country, housing will play an important role in the retirement plans of baby boomers (those born in the U.S. between 1946 and 1964) in coming years.

Referring to NAR Research released in late-2014 on the top metro areas poised to see an uptick in home sales to boomers, Ann Carrns from The New York Times recently interviewed NAR Chief Economist Lawrence Yun on this topic.

NAR’s study revealed that the share of men and women working after their 65th birthday has increased, setting the stage for elevated boomer buying activity in metro areas with a dynamic local economy, adequate housing supply and a lower cost of living.

Read what Lawrence had to say to the New York Times about baby boomer preferences and the potential options they have to support their retirement lifestyle.