For different reasons these two groups are looking to move into the same type of home. Something that's not too big, with an office, fewer single-purpose rooms (like a formal dining room) and not much maintenance.
“Baby Boomers have raised their kids in the biggest house they could afford. They’re ready now to get rid of a lot of their stuff, sell the house and move into a smaller home with fewer rooms – but it needs an office – and a smaller mortgage payment and far less maintenance.”
“They want it to be close to work!”
Both groups are interested in the tax benefits ownership provides, but without a huge price tag. Davis says, “Boomers may have already paid off their big house – and they want to get the tax break back.”