According to article in Realtor Magazine, retirees are also looking to upsize and live their retirement the best that they can:
“Americans traditionally have chosen to downsize in retirement, but that may no longer be the case. A wave of retirees are choosing to upsize and enjoy the best home of their lives in retirement, according to a recent Merrill Lynch and Age Wave retirement study of more than 3,600 respondents. In fact, 65 percent of retirees recently surveyed say they’re currently living in the best home of their lives.
Within the next decade, the number of age 65-plus households in the U.S. is expected to bloom by nearly 11 million.”
To read the entire article, please click here.
Source: “Home in Retirement: More Freedom, New Choices,” Merrill Lynch (July 2015)