Adults, usually couples, whose children have grown up and left home. Such adults do not want to maintain houses in the suburbs any longer. They are moving to urban areas to enjoy the cultural entertainment and civic activity.
Middle-aged or older couples whose children have grown up and "left the nest" to live on their own. Often looking to sell a larger house and buy a smaller one.
People whose children have grown up and moved out and who might be in the market for a smaller house.
People whose children have grown up and left the parental home.
Potential buyers who have raised their families and want to move into a smaller home.
Individuals with grown children that no longer live in the same residence. For real estate purposes, empty nesters tend to down-size and purchase smaller homes when children move out.
A couple whose children have established separate households; important segment of the housing market, since empty nesters often seek to reduce the amount of housing space they occupy. Thus empty nesters are one source of demand for smaller housing units.
Couples who have raised their families and will possibly "downsize" their dwelling.
