Will Senior Housing Sales Help Revive the Market?

The burst of the housing bubble may have stalled the growth of 55-and-older communities, but as the market revives we should expect to see a mini-housing bump as more baby boomers retire.

In any given year, about 12 percent of 55-and-older households change homes, according to a study done by the MetLife Mature Market Institute with the National Association of Home Builders.

The study also found that seniors make up about 20 percent of the homebuying market, and that 24 percent of seniors looking for homes want to buy a new home. Of those seeking a new home, 30 percent want a new custom home.

So what does this mean for older homebuyers?