Rising home prices are pushing many baby boomers and others to sell and chase new opportunities.

The median Orange County home price has risen $267,000 since February 2012, CoreLogic figures show. Some homeowners are taking advantage of that gain, reports Jeff Collins, staffer at The Orange County (Calif.) Register.

The Southern California residents aren't the only ones.

A Freddie Mac survey published last month indicates about a third of U.S. homeowners 55 or older plan to sell their homes in the next few years. The survey projected about 18 million older homeowners will buy another home and about 6 million will become renters.

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