Baby boomers are having a well-deserved moment in real estate right now. Many boomers—the generation born between 1946 and 1964—are reaping the benefits of a turbocharged housing market, selling their homes with a median profit of $66,000.
For the younger end of the boomer generation, i.e., those in their late 50s or early 60s, looming retirement may be a reason for selling. Indeed, the pandemic probably sped up the retirement plans of millions of baby boomers. According to Experian, the average age of retirement in 2020 was only 62.