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The Many Benefits of Aging in a Community

By |2020-05-15T13:36:39-07:00February 19th, 2020|Categories: Baby Boomers, Demographics, For Sellers, Real Estate, Senior Market|

There’s comfort in being around people who share common interests, goals, and challenges. That comfort in a community doesn’t wane with age – it actually deepens. Whether it’s proudly talking about grandchildren or lamenting the fact that our eyes aren’t as good as they used to be, it helps to be around people who not [...]

Does “Aging in Place” Make the Most Sense?

By |2020-05-15T13:36:40-07:00February 5th, 2020|Categories: Baby Boomers, Demographics, For Sellers, Generation X, Real Estate, Senior Market|

A desire among many seniors is to “age in place.” According to the Senior Resource Guide, the term means, “…that you will be remaining in your own home for the later years of your life; not moving into a smaller home, assisted living, or a retirement community etcetera.” There is no doubt about it – [...]

How Buyers Can Win By Downsizing in 2020

By |2020-05-15T13:36:40-07:00January 22nd, 2020|Categories: Baby Boomers, Down Payments, For Buyers, Interest Rates, Real Estate, Senior Market|

Home values have been increasing for 93 consecutive months, according to the National Association of Realtors. If you’re a homeowner, particularly one looking to downsize your living space, that’s great news, as you’ve likely built significant equity in your home. Here’s some more good news: mortgage rates are expected to remain low throughout 2020 at [...]

5 Reasons to Consider Living in a Multigenerational Home

By |2020-05-15T13:36:42-07:00October 23rd, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Millennials, Move-Up Buyers, Real Estate, Senior Market|

Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have [...]

Seniors Are on the Move in the Real Estate Market

By |2020-05-15T13:36:47-07:00August 21st, 2019|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate, Selling Myths, Senior Market|

Did you know August 21st is National Senior Citizens Day? According to the United States Census, we honor senior citizens today because,  “Throughout our history, older people have achieved much for our families, our communities, and our country. That remains true today and gives us ample reason…to reserve a special day in honor of the [...]

Multigenerational Homes Are on the Rise

By |2019-05-29T10:00:04-07:00May 29th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Senior Market|

As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old!  As [...]

Are Older Generations Really Not Selling Their Homes?

By |2019-05-21T10:00:07-07:00May 21st, 2019|Categories: Baby Boomers, Demographics, For Buyers, For Sellers, Housing Market Updates, Real Estate, Senior Market|

Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to “age in place” over moving. The 2019 Home Buyers & Sellers Generational Trend Report by NAR clarifies this point! NAR’s findings show that Baby Boomers (43%) and the Silent [...]

What Would Make You Sell Your House?

By |2019-04-30T10:00:31-07:00April 30th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Senior Market|

There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the respondents, the more likely their top response centered around needing a larger home (ages 29 to 53). [...]

New Study Reveals One Surprising Reason for the Inventory Shortage

By |2019-04-24T10:00:53-07:00April 24th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Senior Market|

There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while others claim millennials don’t want to own a home, blaming them for the dip in homeownership rate. While [...]

Why Homeownership Matters Now More Than Ever

By |2019-02-13T11:00:22-07:00February 13th, 2019|Categories: Baby Boomers, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate, Rent vs. Buy, Senior Market|

Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial (often referred to as emotional or social reasons.) For Americans approaching retirement age, one of [...]