Broker Coldwell Banker has conducted an online survey of 150 of its agents across the nation in an attempt to discover shopping habits of a certain home owner class.
• 66% saw an increase in home purchases from empty nesters over the last three years.
• 52% say “desire to downsize” is empty nesters’ key reason for a move.
• 50% say empty nesters look for single-family homes; 49% seek condos or townhouses.
• 18% say empty nesters move to be near children or grandchildren.
• 54% say empty nesters view their home as a home; 3% view it primarily as an investment.
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