As older homeowners downsize, Realtors may see shifts in inventory, buyer profiles and pricing that affect neighborhood-level market dynamics.
NEW YORK ‚—. For a growing number of homeowners, retirement isn't some distant idea anymore. It's starting to feel very real.
According to Realtor.com and the Census, nearly 12,000 people will turn 65 every day for the next two years. And the latest data shows as many as 15% of those older Americans are planning to retire in 2026. And another 23% will do the same in 2027.
If you're considering retiring soon too, here's what you should be thinking about.
Why downsize?
Now's the perfect time to reflect on what you want your life to look like in retirement. Because even though your finances will be going through a big change, you don't necessarily want to feel like you're living with less. But odds are, what you do want is for life to feel easier. Easier to enjoy. Easier to manage. Easier to maintain day-to-day.