Archive: December 2008
According to the North Carolina Center for Creative Retirement, 16.6 percent of retirees who move out of state will ultimately settle on Florida as their preferred retirement destination. Even though sales in Florida have slowed in recent years, there are still thousands of retirees who are looking to take advantage of great prices offered by the oversupply of homes in Florida.
A new developer has a unique idea to put a twist in your retirement lifestyle. River Cities plans to launch a floating retirement condominium community that will travel over 6,600 miles of river and inland waterways throughout the United States. Imagine a lifestyle where you wake up every morning in a new city or along a new bend in one of the country’s beautiful networks of rivers. The idea is the brainchild of David Nelson and if everything works out according to his plan, his boat, The Marquette, will set sail a couple years from now.
The Wall Street Journal recently reported that as a growing number of 55 years old and older age-restricted communities find their inventory of unsold homes increasing, a trend is emerging that was once considered unthinkable in age-restricted communities: lowering or even dropping the age limit. Active adult communities have seen a tremendous growth in recent years as the popularity of these communities continues to spread among the retiring Baby Boomer generation. In this depressed real estate market, a number of 55+ communities have sought new ways to sell their unsold properties and, for some, that means lowering or abandoning the age limit to attract a broader market