As we know, retirees are living longer and are perceiving retirement as a change in lifestyle. In New Jersey, 105,000 people are turning 55 each year. Though many will opt to own 2 homes for seasonal enjoyment, 59% plan on downsizing and maintaining just one home. 57% plan on staying within 50 miles of their current home. 33% will stay within their county. Just 25% plan to move out of state.
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