For a growing number of older Americans, the housing slump has changed the concept of “aging in place” from a lifestyle choice to the only choice. The nearly frozen residential real estate market in many parts of the country has made it very difficult for seniors to sell their homes when the time comes to [...] [...more]
This MarkeWatch report examines the appropriate caution of younger home buyers in today’s dysfunctional real estate market. If you’re closing in on retirement and looking to sell a home, watch this to get a good sense of how things look from the buy side. [...more]
New York Times columnist Bob Herbert focuses today on how foreclosures are impacting older Americans. Herbert cites a recent AARP Public Policy research report that breaks new ground in quantifying mortgage delinquencies by age group. The study concludes that Americans over age 50 represented 28 percent of all mortgage delinquencies and foreclosures at the end [...] [...more]
A former sales manager in the active adult housing industry has launched a website that helps prospective buyers research and compare age-restricted communities around the U.S. 55Places.com showcases more than 50 active retirement communities throughout 11 popular retirement states. The site includes community descriptions, pricing and association fees, photos and lists of about amenities and [...] [...more]
If you think the subprime mortgage meltdown is bad, consider the impact on housing as the boomer age wave hits. Dowell Myers, professor of urban planning and demography at the University of Southern California, is co-author of a new research study looking at how the huge boomer generation will affect housing as it begins selling [...] [...more]
