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The Future of Housing for Older
Virginians
Boomers !
•Boomers have led the housing
market for three decades … and
they still do
Boomers & the March of Time
Boomers & Housing
Scale !
Retirement and Beyond:
Why do HHs Move ?
•Downsize
•Design and Accessibility
•Location, Location, Location
•Affordability
Affordability
Affordability
What Do Boomers Want?
Should I stay or
should I go ?
What Do Boomers Want?
•47% want to stay in their
home
•23% want to stay and
move “later”
What Do Boomers Want?
•70% + will be
“AGING in PLACE”
What Do Boomers Want?
• Walkable
• “Urban”… …”Village”
• Connected
– Family
– Friends
– Culture
– Entertainment
– Shopping
• Green
Aging in Place
•Remodeling
•Shared housing / accessory housing
•Transportation
•In home services
Aging in Place…in the
Suburbs (traditional model)
•SFDs
•Rental – Independent Living
•Assisted housing
•Nursing care
Aging in Place…in the
Suburbs (new model)
•Remodeling
•Shared housing / accessory housing
•Transportation
•In home services
•????
Boomers & Housing 2020
•In the next decade 2/3’s of boomers
will make a housing choice
•Our current housing stock is NOT
likely to meet these new demands
•WE need to be creating these new
models NOW

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The Future of Housing for Older Virginians by Bob Adams