Are Grandparents Moving to be Closer to Children on The Main Line?
While the Covid 19 pandemic seems like a distant memory, the concerns experienced by the more vulnerable elderly population,, particularly grandparents, led to maintaining physical distance from their loved ones. As we know more about the disease and the panedmic ended, a desire among grandparents has emerged to be near their grandchildren once again. But how is this affecting real estate? Recent data shows a trend of grandparents relocating to be closer to grandchildren.
Recent statistics from the National Association of Realtors (NAR) show that individuals aged 55 to 74 are moving significant distances, surpassing other age groups, with moves exceeding 100 miles. The average age of grandparent U.S. is 67, and it stands to reason that a portion of those making moves are grandparents, but what is that motivation really?
A recent NAR report identifies the primary reason for relocation as moving closer to loved ones. Vance Cariaga, a journalist at Go Bank Rates, noted, “Never underestimate the power of grandchildren – especially when it comes to lifestyle and financial decisions. Recent data shows that many baby boomers are relocating further away from home than they used to so they can be closer to their grandbabies.”
Data shows the trend of grandparents moving greater distances to be near grandchildren. If you are thinking about a move to be closer to loved ones, reach out when the time comes. Connect and explore the possibilities of being closer to loved ones by contacting Kimmy Rolph real estate today!
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