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 opened. That’s because visiting their grandchildren who may have gotten sick from school would have been risky.
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.
Grandparents Are Moving To Be Near Loved Ones
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, 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 especially good.
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 Real Estate Impact
This trend has significant implications for the real estate market. Homebuyers are now looking for properties with a family-friendly atmosphere, nearby schools, and community amenities. Full Circle Realty CO understands the importance of these factors when helping grandparents find their perfect home near their loved ones.
At Full Circle Realty CO, we’ve noticed that the demand for homes in family-oriented neighborhoods and interest in multi-generational living arrangements, such as homes with in-law suites or adjacent properties, has increased. These trends reflect the changing needs of grandparents eager to invest in their family’s future.
The data shows grandparents are moving further to be near their grandchildren. If you have grandchildren of your own, maybe you can relate. At Full Circle Realty CO, we are committed to helping families find their perfect homes and embrace this beautiful trend. Suppose you’re a grandparent looking to be closer to your grandkids or a family searching for a property suitable for multi-generational living. In that case, we’re here to help you find the ideal solution. Contact us today to explore the real estate options that can bring your family closer together. After all, it’s all about keeping your family circle complete.
