Are Grandparents Moving To Be Closer to Their Grandkids?

<article class="post-817977 post type-post status-publish format-standard has-post-thumbnail hentry" id="post-817977"><span class="entry-date">October 10, 2023</span><div class="entry-header center-block text-center"><h1 class="entry-title">Are Grandparents Moving To Be Closer to Their Grandkids?</h1><div class="shareBlock"><div class="shareTitle">Share</div><div class="shareIcons"><a aria-label="Twitter Share Link" class="twitter solid display-inline-block" data-tracking="Post,Social Post Link Clicked,Twitter" href="http://twitter.com/share?text=Are+Grandparents+Moving+To+Be+Closer+to+Their+Grandkids%3F&amp;url=https%3A%2F%2Fgilliggroup.com%2Fblog%2Fare-grandparents-moving-to-be-closer-to-their-grandkids%2F" target="_blank"><span class="force-hidden">Twitter</span></a>
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</div></div><div class="post-tax post-category"><span></span><a href="../category/realtor-blog/index.html" rel="tag">Realtor Blog</a></div><div class="post-tax post-post_tag"></div></div><div class="entry-content"><div><img alt="Are Grandparents Moving To Be Closer to Their Grandkids? Simplifying The Market" decoding="async" loading="lazy" src="https://media.agentaprd.com/sites/222/20231010-Are-Grandparents-Moving-To-Be-Closer-to-Their-Grandkids.webp" style="display: block; margin-bottom: 5px; clear: both; max-width: 100%;" width="358"/>
<p>During the pandemic, many people distanced themselves from their loved ones for health reasons. <a href="https://www.simplifyingthemarket.com/2023/09/13/should-baby-boomers-buy-or-rent-after-selling-their-houses/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">Grandparents</a> 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.</p>
<p>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 <a href="https://www.simplifyingthemarket.com/2023/09/11/planning-to-retire-your-equity-can-help-you-make-a-move/?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank">moving</a> to make sure they’re getting more quality time.</p>
<h4><strong>Grandparents Are Moving To Be Near Loved Ones</strong></h4>
<p>Recent <a href="https://store.realtor/2022-nar-profile-of-home-buyers-and-sellers-download/" rel="noopener noreferrer" target="_blank">data</a> from the <em>National Association of Realtors</em> (NAR) shows people between the ages of 55 and 74 are moving farther (more than 100 miles) than any other age group (<em>see graph below</em>):</p>
<p><a href="https://www.simplifyingthemarket.com/content/images/20231005/20231010-Grandparents-are-moving-farther-away.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20231005/20231010-Grandparents-are-moving-farther-away.png"/></a></p>
<p></p>
<p>The average age of grandparents in the U.S. is <a href="https://www.bgsu.edu/ncfmr/resources/data/family-profiles/westrick-payne-grandparents-characteristics-age-fp-23-02.html#%3A~%3Atext%3DGrandparenthood%20is%20more%20common%20among%2Cthose%20in%20midlife%20(33%25)" rel="noopener noreferrer" target="_blank">67 years</a>. 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?</p>
<p>The same report from NAR shows the top <a href="https://store.realtor/2022-nar-profile-of-home-buyers-and-sellers-download/" rel="noopener noreferrer" target="_blank">reason</a> people move is to be closer to loved ones (<em>see graph below</em>):</p>
<p> <a href="https://www.simplifyingthemarket.com/content/images/20231005/20231010-Sellers-Want-to-be-near-loved-ones.png?a=712984-fa409495d5d70154d03a25e81e9540e2" rel="noopener noreferrer" target="_blank"><img decoding="async" src="https://files.keepingcurrentmatters.com/content/images/20231005/20231010-Sellers-Want-to-be-near-loved-ones.png"/></a></p>
<p></p>
<p><strong>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. </strong>And after experiencing isolation and loneliness during the COVID pandemic, that’s an especially good thing.</p>
<p>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. As Vance Cariaga, a journalist at <em>Go Bank Rates</em>, <a href="https://www.gobankingrates.com/retirement/planning/boomers-moving-further-from-home-close-to-grandbabies-is-it-good-financial-move/" rel="noopener noreferrer" target="_blank">explains</a>:</p>
<blockquote><p><em>“Never underestimate the power of grandchildren – especially when it comes to lifestyle and financial decisions. </em><strong><em>Recent data shows that many baby boomers are relocating further away from home than they used to so they can be closer to their grandbabies.</em></strong><em>”</em></p></blockquote>
<h3>Bottom Line</h3>
<p>The data shows grandparents are moving further to be near their grandchildren. If you have grandchildren of your own, maybe you can relate. When you decide it’s time to be closer to your loved ones, <a href="https://www.simplifyingthemarket.com/2023/08/23/why-you-need-a-true-expert-in-todays-housing-market/" rel="noopener noreferrer" target="_blank">connect</a> with a local real estate professional.</p>
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