Glut of Homes and Condos Rises by 5% in May

Category: Retirement Real Estate

June 28 — The latest in a steady string of depressing news for sellers of retirement communities continued this week. Sales of all types of existing homes and condos fell 10.3% in May from the year ago period, and median prices fell 2.1% (Source: National Association of Realtors). The worst news, for sellers, was that number of homes listed for sale increased to an 8.9 months supply. These increasing inventories were unwelcome for two reasons: a rising figure predicts slow sales ahead, and inventory levels rarely rise in May. Families with children often buy in this month so they can move over the summer. (more…)

Posted by Boomer1 on June 28th, 2007

Should You Purchase Your Retirement Community at an Auction

Category: Retirement Real Estate

June 26 — It’s every would-be real estate investors dream. A perfect active adult community property comes on the auction block in a distressed market – and you snap it up for hundreds of thousands of dollars less than its market value. As real estate auctions make a comeback these days more and more people – including baby boomers looking for a retirement condo or house in an over 55 community – are catching the auction fever.

In Riverside California this past May over 1200 would-be investors had their chances when 100 properties in that region were auctioned off. So how many realized their dream? According to a recent New York Times article, not many people came away with significant savings. (more…)

Posted by Boomer1 on June 25th, 2007

Life Care Communities Target Baby Boomers

Category: Baby Boomer Retirement Issues

June 22 – Fort Myers, Florida — The logic is compelling, even though a bit unconventional. Sue Wininger, Marketing Director at Cypress Cove at Health Park Florida, recently stated in an interview with Topretirements the many reasons baby boomers should consider moving directly to a life care facility instead of making an interim downsizing step to a condo. “With our focus on wellness and the amenities that active adults want,” Wininger says, “baby boomers can an experience a healthier life, which translates into a longer life.” This enthusiastic and personable marketing pro also pointed out how moving directly to a life care facility helps people avoid the hassle of multiple moves and re-establishing new friendships and community ties. (more…)

Posted by Boomer1 on June 22nd, 2007

Should Boomers Dive in As Real Estate Bad News Piles Up

Category: Retirement Real Estate

June 15, 2007 — Could more bad news possibly hit the real estate market that so many active adults are studying? A quote in today’s Wall Street Journal regarding homeowners who are entering the foreclosure process is typical of recent fare – “rates for the last 2 quarters are the highest in the (Mortage Bankers Association) survey’s 37 year history.” Other bad news items in the last few days are that the number of homes for sale keeps growing (up 5% in May), and pending sales were also down in April. (more…)

Posted by Boomer1 on June 15th, 2007

Newest Retirement Community Idea Puts Focus on Stargazers

Category: Active adult communities

June 12- Every time we think we have heard about the most unusual type of retirement community, up pops another. The latest new idea is stargazer communities; developments geared for amateur astronomers. You don’t have to be retired to live in one of these developments, but most of the people interviewed in the article were either of retirement age or were baby boomers fast approaching it.

The New York Times reported (June 8, 2007) on a number of astronomers who have turned their dream into finding a home in a place favorable for stargazing into a reality. People who enjoy watching the stars, it turns out, share several unique environmental prerequisites. First, they need an area that is dark, away the from bright lights of civilization that ruin the celestial view. Another is that when they watch the stars live, they tend (more…)

Posted by Admin on June 11th, 2007

So What is the Best Retirement Community?

Category: Active adult communities

June 6 – About the 5th time I was asked the question I finally caught on. The “question” comes up when someone finds out that I am associated with this site, obviously enough. They are usually a baby boomer thinking about where to live next, and they figure I must know the answer.

The problem is that I have heard about too many “best retirement communities”, too many “top 10 retirement communities”. Sorry, I just can’t tell you your right answer – there are too many. You have to pick the one that is best for you. So that means you have to do some thinking about what’s right for you – you have to answer the 16 questions in our free eBook: “The Baby Boomer’s Guide to Selecting the Best Retirement Community“. Only then will you know enough, and I can help with some “best” suggestions. (more…)

Posted by Boomer1 on June 6th, 2007