Are Grandparents Moving To Be Closer to Their Grandkids?
by scott hobbs
(Article last updated: November, 2023)
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 started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school.
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, it’s fair to say many grandparents are getting their wish of more quality time with their grandchildren by moving to be closer to them. After experiencing isolation and loneliness during the COVID pandemic, that’s an especially good thing.
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.
The data shows grandparents are moving further to be near their grandchildren. If you have grandchildren of your own, maybe you can relate. Reach out today if you have questions or comments about today's real estate market.
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SCOTT HOBBS
I fell in love with the Jersey Shore having spent many summers here ever since I was a small child. I am originally from Scotch Plains, NJ, but I eventually set down roots down the shore and have been enjoying the Monmouth County lifestyle for more than two decades. Before entering real estate, I managed my own, highly successful, business working directly with Fortune 500 companies. There I sharpened and perfected my service, negotiating, and deal-making skills. I employ those strengths every day for the best interests of my clients, whether they are buying or selling property. I have traveled extensively around the world and during one visit to Colombia, I met my beautiful wife, Paola. Today we are raising our young son in Ocean Township.
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©2022 by Scott Hobbs.