Buying a home together has long been an economical solution for singles and couples alike. There’s the obvious financial upside, but there are also social, eco, safety and security benefits. Co-Living has grown in popularity in the past decade among people in all age groups. But according to a study sponsored by AARP, the Boomer… Read More
What’s at the top of your retirement expense checklist? For most of us it’s housing. The first thing many retirees consider is reducing their budget by downsizing their home. This helps with more than just mortgage payments, taxes, maintenance, and insurance costs can also be reduced by moving to a smaller home. Medical and transportation costs… Read More
Square footage isn’t always at the top of the list when you’re buying a home, but as the infographic below illustrates, it probably should be. Trulia conducted a poll surveying folks in several different demographics and the study showed that most people are not content with the size of their home. There are distinct advantages… Read More
Active Adults Playing a Huge Role in Home Builder’s Positive Outlook. Baby Boomers are entering the housing market in droves, some as first time buyers, others downsizing or relocating to a more retirement-friendly climate. The vacation home market in Arizona has seen a deluge of Boomers on the cusp of retirement, looking to bring a… Read More
This is the Age of Diversity in Home Buying. 2015 and 2016 saw a noticeable influx of Baby Boomers re-entering the Real Estate Market. An estimated fifty-nine million Americans are considering buying a home in 2017. So which demographics are at the front of the pack this time? Generation X (ages approximately 33-50) and Minority… Read More
Meeting the Housing Needs of a Growing Active Adult Population. The U.S. has been aware for some time now, that our population is aging. There has been intense debate about Medicare, Social Security, Emergency Services and the capacity of Medical Facilities, and perhaps most obvious, Housing. Active Adult communities are plentiful here in Arizona but… Read More
Gen X, the Next Big Wave of Home Buyers Staying above the curve in the home buying market is not easy these days. The curve is firmly balanced on the shoulders of the Baby Boomer generation and has been for some time, ever since they were in their 20’s. That’s a good run! Though Boomers… Read More
How Single Women Are Changing the Home-Buying Market. Single females make up a significant portion of the home buying market, much more so than single males according to the National Association of Realtors®. Among them, home buyers of the Boomer generation lead the pack but Millennials are creeping up in numbers very quickly. My hunch… Read More
The National Association of Home Builders (NAHB) has had a long history of tracking the evolution of home buyer preferences. Builders and other industry professionals now have an opportunity to find out what baby boomers want compared to other home buyers in Housing Preferences of the Boomer Generation: How They Compare to Other Home Buyers,… Read More
In many ways, today’s shifting housing market resembles the real estate climate of the 1980’s, according to Freddie Mac. The company’s November Insight & Outlook report examines the changes in mortgage servicing, discusses some of the factors that produced them since the housing crisis, and looks at the highly influential role the 55+ age cohort… Read More
