Austin Tops Livabl's Baby Chaser Index for Second Year in a Row

News provided by

Livabl by Zonda

Sep 19, 2023, 10:00 ET


Baby boomers are willing to move great distances to be closer to grandchildren

NEWPORT BEACH, Calif., Sept. 19, 2023 /PRNewswire-PRWeb/ -- A quarter of all baby boomers are considering moving to a new city to be closer to the grandchildren, according to the experts at Livabl, the housing industry's premier site for new home listings.‥

Livabl dubbed this movement pattern the "Baby Chaser" effect. Its latest survey revealed that Austin, Texas, is the top destination for mobile grandparents.‥‥

"The Baby Chaser Index was created to capture this interconnectivity between millennials and baby boomers," said Ali Wolf, Livabl's chief economist. "The index tracks where there's the most overlap in migration between baby boomers and millennials across the country. The 'baby chaser' name relates to boomers' desire to be close to their grandchildren."‥

Here are some of the key data points from the survey:‥

  • 25% of baby boomers plan to retire in a location near their grandchildren.‥‥
  • Despite some uncertainty in the tech sector, Austin continues to attract younger residents, boosting it to the No. 1 position for the second consecutive year. The growth rate in Austin among millennials is 27% above 2019 levels.
  • Raleigh, second on the list, has similar advantages to Austin. The strong supply of universities draws new residents to the area, with many choosing to put down roots after graduation.‥
  • Orlando placed third on the list and benefited from a year-over-year migration boost from millennials and boomers.‥‥
  • Charlotte, North Carolina, rounded out the top 5.‥‥

Follow this link for a city ranking and breakdown of Livabl's Baby Chaser index.‥‥

About Livabl‥
Livabl is the industry's premiere new home buying portal and is owned and operated by Zonda Home. Zonda provides data-driven housing market solutions to the homebuilding industry. From builders to building product manufacturers, mortgage clients, and multifamily executives, we work hand-in-hand with our customers to streamline access to housing data to empower smarter decisions. As a leading brand in residential construction, our mission is to advance the home building industry, because we believe better homes mean better lives and stronger communities. Together, we are building the future of housing.

Media Contact

Valerie Sheets, Livabl by Zonda, 949-294-9557, [email protected], Livabl.com

SOURCE Livabl by Zonda