Are Grandparents Moving To Be Closer to Their Grandkids?
For Buyers Laura Miller Edwards Realty Group October 10, 2023
For Buyers Laura Miller Edwards Realty Group October 10, 2023
During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school.
Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren again to make up for that lost time. But how are they getting that “Grandparent Wish?” The data tells us many are moving to make sure they’re getting more quality time.
Recent data from the National Association of Realtors (NAR) shows people between the ages of 55 and 74 are moving farther (more than 100 miles) than any other age group (see graph below):
The average age of grandparents in the U.S. is 67 years. The logical leap is that at least some of the people who are moving the furthest are grandparents. But what’s causing them to move so far?
The same report from NAR shows the top reason people move is to be closer to loved ones (see graph below):
Based on this data, it’s fair to say many grandparents are getting their wish of more quality time with their grandchildren by moving to be closer to them. And after experiencing isolation and loneliness during the COVID pandemic, that’s an especially good thing.
If you’re a grandparent, you know how important your grandchildren are. And you may be willing to sell and move just to be closer by. As Vance Cariaga, a journalist at Go Bank Rates, explains:
“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.”
The data shows grandparents are moving further to be near their grandchildren. If you have grandchildren of your own, maybe you can relate. When you decide it’s time to be closer to your loved ones, let's connect.
This blog post previously appeared on https://www.simplifyingthemarket.com/en/2023/10/10/are-grandparents-moving-to-be-closer-to-their-grandkids?a=106260-312309902871c1f0d820820f58bf8fde. The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. Keeping Current Matters, Inc. and the Laura Miller Edwards Realty Group do not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. Keeping Current Matters, Inc. and the Laura Miller Edwards Realty Group will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.
Stay up to date on the latest real estate trends.
Agent Value
If selling your house is on your to-do list this year, the time to start prepping is now.
Selling Tips
It pays to anticipate potential issues before buyers ever step through the door. And one way to do that is with a pre-listing inspection.
New Construction
Right now, there are more newly built homes to choose from than there would normally be in the market.
Pricing
Over the past few years, you’ve probably seen a whole lot of headlines about how home prices keep going up. But have you ever stopped to think about what that actually… Read more
Housing Inventory
Some homeowners hesitate to sell because they’ve got unanswered questions that hold them back.
First Time Home Buyers
If you’re like a lot of aspiring homebuyers, there’s a major hurdle standing in your way — the cost of living.
For Sellers
The way your agent markets your house can be the difference between whether or not it stands out and gets attention from buyers. That’s why it’s so important to work w… Read more
For Buyers
Buying a home can feel like a challenge with today’s mortgage rates. Buying now before the spring rush might actually give you the upper hand.
Pricing
There’s one big mistake you need to avoid when you sell your house this year: setting your price too high.
Get assistance in determining current property value, crafting a competitive offer, writing and negotiating a contract, and much more. Contact us today.