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As you approach retirement age, life is full of transitions. Your adult children grow up and move out on their own. You prepare to say goodbye to full-time work for good. And if you’re like many baby boomers, you may also think about downsizing your home.
According to a report from Zillow Group, 24% of recent home buyers were age 60 or older – a 47% increase from 10 years earlier. For nearly half of these older adults re-entering the housing market, downsizing was a primary motivation.