Theyve joined a growing cohort of Connecticut baby boomers trading big yards for city skylines.
Marguerite Rose did the same, relocating from West Hartford to a condominium high-rise downtown1.
Suburban Downsizing: Small Homes, Big Competition
Not every Connecticut boomer is moving downtown.
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In todays tight market, downsizing boomers are directly competing with millennials for starter houses2.
The Numbers Tell the Story
Connecticut data reflects this aging-in-place trend.
Baby boomer empty nesters continue to occupy a large share of family-sized houses across the state.
In other words, many of those spacious suburban houses are still in boomer hands.
Why Boomers Are Staying Put
Whats behind this stay-put tendency?
Financial Factors Keep Boomers in Place
And crucially, many have little financial incentive to move.
Many boomers live in multi-story houses with big yards that can become burdensome even hazardous as they age.
This dual reality has produced a mixed trend.
On one hand, more boomers are finally making a move.
Some have heeded this advice, while others remain unconvinced.
Finding New Housing Solutions
Enticing more boomers to downsize may require new solutions.
Diverse Paths Forward
Meanwhile, personal decisions will continue to vary.
For some, like Jane Smith, swapping suburbia for city life has brought newfound joy and convenience.
Their choices are already reshaping neighborhoods and market dynamics across the state.
Will they ever drop?
3CTs baby boomers are aging into retirement.
Can they be enticed to sell them?
| Connecticut Public
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