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Baby Boomer Homes and Communities Benchmark Survey

Published by: ChangeWave

Published: Aug. 11, 2006 - 15 Pages



Table of Contents


Overview



Summary of Key Findings



The Findings



Primary Residence Trends

  • Single Family vs. Townhouse vs. Condo Ownership

  • Boomer Plans to Downsize

  • Timeframe for Downsizing

2nd Residence Trends

  • Reasons for Owning a 2nd Home

  • Differences Between Current 2nd Home Owners and Planned Future Purchasers

  • Reasons for Owning a 2nd Home - Current Owners vs. Planned Future Purchasers

  • Top States with Growth Momentum in 2nd Homes

  • States With Least Growth Momentum in 2nd Homes

  • Impact of Rising Home Insurance Rates

ChangeWave Research Methodology



About ChangeWave Research

Abstract

As the first wave of Baby Boomers hits 60, we are taking an in-depth look at emerging trends and buying habits among this exceptionally important demographic. Between July 18-24, we surveyed 2,466 Alliance members, age 42 and older, to learn more about their home buying habits - including trends in home downsizing and 2nd residences.

ChangeWave Research surveys its proprietary intelligence-gathering network of 8,000 accredited members on a wide range of research topics and converts the findings into valuable business intelligence reports. These credentialed technology professionals and business executives work in over 20 vertical industries -- and spend their everyday lives on the frontline of technological change. Nearly 3 out of every 5 members (56%) have advanced degrees (e.g., Master's or Ph.D.) and 93% have at least a four-year bachelor's degree.

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