baby boomers: The 50-Plus population to expand, influence housing
- 09/29/16 12:37 PM
The 50-plus population is expected to double by 2050, according to a Realtor Magazine article, which could have an impact on home design and more. According to a new report by the AARP and Oxford Economics, adults 50 or older could number 3.2 billion by then. 50-Plus population in a powerful position According to a Fast Company article, those 50 and older control 83 percent of wealth and more than 50 percent of spending in the U.S. already. That gives them a pretty significant role in the real estate market, because they have the resources to continue selling and buying houses and real … (1 comments)
baby boomers: Buying a retirement home: Now or later?
- 09/11/16 11:36 AM
If you’re a baby boomer, buying a retirement home now or later should be a matter of some consideration. Answering that question is something you have to do for yourself — based on your own retirement plans and financial circumstances — but it is a question you need to address sooner rather than later. If you’re looking to retire in the next 5 to 10 years, buying now could be to your advantage. Buying a retirement home now: The advantagesMortgage benefitsParticularly if you’re taking out a mortgage to purchase your retirement home, now is better than later. For one thing, it will be easier … (2 comments)
baby boomers: Choosing the perfect retirement destination for YOU
- 09/11/16 11:28 AM
Choosing the perfect retirement destination can be an overwhelming prospect. Last week, we posted about rankings of cities by WalletHub, designating which locales were the best and worst places to retire. But if you do a web search, you’ll come across a variety of rankings by different sources considering different factors. The real question is: How you choose the perfect retirement destination for YOU? That comes down to a number of practicalities — like access to health care and transportation — but also personal priorities. Moving to a more affordable city might be a great option for one person, and it looks good … (3 comments)
baby boomers: Baby Boomers, not ready to retire fully? There are alternatives!
- 08/23/16 08:18 AM
Some Baby Boomers may be at the age where they want to give up the daily grind, yet they’re not ready to sit back and fully retire. In that case, there are plenty of alternatives to sitting in your rocker and watching the world pass you by. Here are 5 ways Baby Boomers may retire in their own unique way Phased or part-time retirement If you’re not ready to give up the fulfillment you find through working, you could always phase into your retirement, rather than going cold turkey. Cut back your hours and/or responsibilities gradually. If you can’t do that, perhaps you can … (2 comments)
baby boomers: Baby Boomers, 55+ residents may be looking to sell their homes soon
- 08/11/16 01:06 PM
Are you among the Baby Boomers or 55+ residents looking to sell your home in the next few years? According to the first Freddie Mac 55+ Survey of housing plans for people born before 1961, millions of people in the age group plan to rent in the near future. Among those surveyed were an estimated 6 million homeowners, and nearly as many current renters. More than 5 million of the respondents said they were likely to rent by 2020. Among the top reasons cited for planning to rent: Affordability Amenities needed for retirement Living in a community with fewer maintenance concerns Living in a … (1 comments)
baby boomers: Walkability can improve the health of your home value, too
- 08/11/16 12:58 PM
It turns out that walkability is not only good for your health, but the health of your home value. Walkable neighborhoods are those that mix housing, local business and public services — all within walking distance of the home. According to Redfin, 56 percent of millennials and 46 percent of baby boomers say they’d prefer a home in a pedestrian-friendly neighborhood. That might not be so easy to find, though. Redfin reports that fewer than 2 percent of active listings are the ideal for walkability, having a walk score of 90 or above, according to a new study released by the Redfin research … (0 comments)
baby boomers: Selling multigenerational homes: 5 design trends that work
- 08/08/16 02:01 PM
When selling multigenerational homes, it’s important to consider what today’s families want out of their living space. Although the trend has shot up with the recession, buyers of these properties need a layout that will allow multiple generations to live in harmony – no easy trick! Here are 5 design trends that help when selling multigenerational homes, according to a Huffington Post article. Read the full article here. Open Floor Plan. It’s important when bringing multiple generations under one roof, that there’s common space that is accessible by all — particularly older family members who may need to use a wheelchair or walker. … (0 comments)
baby boomers: Senior real estate: Tips for aging in place
- 05/12/16 05:56 AM
In senior real estate, it’s not uncommon to see people going into assisted living because taking care of day-to-day tasks has become too challenging. For those who don't have loved ones to help them with household tasks and errands, there are services available that can help. Some of these services were developed for busy professionals, but they can fill a need for seniors living independently, as well. B SENIOR REAL ESTATE: SERVICES TO EXPLORE FOR AGING IN PLACE
Not all these companies operate nationwide, but with a little research, you may find a service in your area that will meet your needs. Advertising … (1 comments)
baby boomers: Multigenerational homes look like a lasting trend
- 03/18/16 04:25 AM
It's beginning to look like the demand for multigenerational homes, driven up by the recession, may have staying power. As the economy improves, families continue to buy these homes. In fact, multigenerational homes are still so popular builders say city ordinances are holding them back, creating a shortage of the housing. According to a 2014 Pew Research study, more than 18 percent of the nation’s population — approximately 57 million Americans — lived in a multigenerational household, up from 15 percent in 2000. Builders say those numbers could be even larger if local zoning laws weren’t preventing the construction of more … (0 comments)
baby boomers: Finding your ideal retirement spot: Does Pasadena make the grade?
- 03/04/16 05:58 AM
If you’ve begun thinking about where you might want to retire, you might give this tool from the AARP a whirl. It’s interesting to see how Pasadena and other San Gabriel Valley cities rate. Just plug in the zip code of your prospective retirement destination, and the AARP Livability Index (https://livabilityindex.aarp.org/) gives you a snapshot of the location based on seven categories: housing, neighborhood, transportation, environment, health, engagement, and opportunity. Pasadena, for example, received an overall score of 49 on a scale of 1 to 100. The city scored much higher for health (76), neighborhood (72) and transportation (60). It scored lower for … (0 comments)
baby boomers: Multigenerational living on the rise
- 08/28/13 01:28 AM
If you’re among the families considering multigenerational living, you are not alone. Demand for homes to accommodate multiple generations is growing. Middle-aged home owners who might have expected to be empty-nesters by now are sometimes finding that their plans are shifting to allow an aging parent or adult child to move in with the. In some cases, they may even be supporting senior parents and adult children at the same time. We call these people members of the “sandwich generation.” While you may not have origiinally planned for multigenerational living, it's not all bad news. The benefits to multigenerational living Financially, there can … (1 comments)
baby boomers: Selling your parents’ home: Getting started
- 07/11/13 01:16 AM
Selling your parents’ home is a big step — and an emotional one. A family home holds special memories, and letting the it go can be difficult, especially if you or your parents feel uncertain about the future. Real estate agents who are trained to work with seniors, such as certified Senior Real Estate Specialists, can ease the transition by helping your family prepare for a major change and supporting you and your parents throughout the process. Selling your parents’ home: Step One Before listing the property for sale, you'll want a solid understanding of the property's condition.Real estate agents can provide … (0 comments)
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The 50-plus population is expected to double by 2050, according to a Realtor Magazine article, which could have an impact on home design and more. According to a new report by the AARP and Oxford Economics, adults 50 or older could number 3.2 billion by then.
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