At the end of 2014, Trulia conducted a survey to determine what size homes Americans really want. Do Baby Boomers have different home size preferences than younger generations of homeowners?
As a whole, Americans are living in a world of mismatch – only 40% of the survey respondents said they are living in the size home that’s ideal. Furthermore, over 43% answered that the size of their ideal residence is somewhat or much larger than their current digs. Only 16% said that their ideal residence is smaller than their existing home.
It’s natural to think that baby boomers are the generation most likely to downsize. After all, their nests are emptying and they may move when they retire. As it turns out though, more boomers would prefer to live in a larger home than a smaller one.
Millennials are looking to move on up by a big margin: just over 60% said their ideal residence is larger than where they live now.
