Lately when showing properties I have been noticing a trend......Baby Boomers are on the Move to Nashville!
Remember when your grandparents lived in the same town and sometimes the same house their entire lives. Well that is not the case anymore! Baby Boomers (55+) is a generation of future grandparents who are moving to new locations everyday. Let's have a look at the reasons in this decision to leave their forever home.
Boomers are not rocking away on the front porch waiting for kids and grandkids to come visit them. Parents and Grandparents are moving closer to their children. They want to remain close and a part of their familes lives. Who wants to miss their grandson hit that winning homerun, or your granddaughters big dance recital? Not me! says a recent client I worked with. Stating "They don't want to miss any part of our Grandchildren's lives!" When helping this Baby Boomer client shop, a must have in their next move was room for the grandchildren to sleep and play in their new location. Being near their children they are wanting help with the grandchildren. This in part is due to the likelihood of both parents working out of the home or a divorce situation.
According to the Bureau of Labor Statisics in 2015 both married parents worked in 60.6% of families and in single parents (divorced) 70.8% mothers were employed and 82.1% fathers were employed. This sends out an SOS for help and baby boomers move to the rescue.
I am also noticing that Baby Boomers are paying more attention to their health/fitness and are looking to rent or buy in hot spot areas. Locations where they can walk and bike to muliple ammenities such as parks, theaters and shopping is a plus. A highrise condo in the city or a neighborhood with walkability are among the top choices.
The decision to pack up and move for the Baby Boomer has also come in the form of relocating with a job. We are seeing more people are working after retirement age. So in an ever changing job market, big companies are eating up the smaller companies, which forces one to relocate with the new company or search for a job elsewhere.
The Bureau of Labor Statistics also states, that in May 2016 18.8% of Americans ages 65 and older, or nearly 9 million people, reported being full-or part-time, continuing a steady increase that dates back to May 2000, which showed 12.8% or 4 million people working after retirement age.
With these moves comes a bag of mixed emotions ranging from excitement for a new adventure, to timidity about starting over in a new location.
I have helped many clients just in this situation buy/rent/sell and understand the needs and feelings of the clients. If this article defines you and you are looking to move to Nashville or surrounding areas, I am thrilled to share my many years knowledge with all Baby Boomers on the move to Nashville!