Number of People Willing to Move to Active Adult Communities Doubles in the Last Decade
The National Investment Center (NIC) for the Seniors Housing & Care Industry recently released the 2007 results of its "<a href="http://www.nic.org/press/2007/071010.asp" title="National Housing Survey of Adults Age 55+">National Housing Survey of Adults Age 55+</a>." The study is designed to gauge the opinions, attitudes, perceptions and behaviors of people aged 55 and over relating to adult communities. The previous study was conducted in 1998. The nearly ten year lapse since the last study was conducted provided some very interesting findings regarding the awareness and acceptance of age-qualified housing.
Short Sales Are in High Demand
A short sale is when the lender agrees to take a lower price for the sale of the home than what it is actually worth. Find out why that is in some homeowners' best interests and what the benefits are.
Retirement Community Builders Going Green
Many baby boomers have been less pronounced than younger generations when it comes to green living But it seems recent attitudes have changed and many boomers are finding ways to join the green bandwagon in ways such as buying green products to building green homes.
Here 'Wii' Go: Video Games a Hit at Retirement Communities
On a recent trip to Grand Haven active adult community, we noticed a group of adults huddled around a television laughing hysterically and high-fiving one another. We realized that the residents were in an intense game of Wii bowling.
New Age-Restricted Community Offers Co-housing Opportunity
A new active adult development in Boulder, CO is putting a spin on "living with your neighbors." Silver Sage Village is an age-restricted community with a catch: residents live in homes that share common areas such as kitchens and dining rooms. Does that sound interesting to you?
Will 2008 Bring About the Death of the Housing Incentive?
While it is no secret that builders certainly want to keep selling, they do not want to give their homes away like they did the last two years. What buyers have seen with incentives for the last two years, was an anomaly that will likely not be replicated any time soon.
55+ Community Trends in 2008
Every year, Evanston real estate agent Mark Nash predicts what will become mainstream for homes and retirement communities in 2008. Here is what he is predicting this year.
Home Prices May be Down but Rentals Are Up
A recent article in the Chicago Tribune made some predictions for the housing market in 2008. They are telling us to expect more of the same and this will apply to active adult housing as well. Fewer buyers will mean more renters.
Is Now a Good Time to Buy a Home in a Active Retirement Community?
Let's face it, the media isn't exactly painting a rosy picture of the real estate market right now and that is scaring a lot of people. While some real estate professionals might argue that now is a great time to buy because prices have corrected and there are some great deals in the market, others argue that prices could shift even further.
Many Active Adults Are Choosing Reorientation Over Retirement
A considerable number of baby boomers are choosing to reorient their lives rather than retire. That reorientation might take the form of cutting back on hours or responsibilities at their place of employment. Or it might mean downsizing their careers with another job altogether that entails less commitment, less time, less stress, part-time status, seasonal work and flexible schedules.