Financial and taxes in retirement
Probably you get a lot of newsletters from your financial advisors. We confess we don’t pay too careful attention to most of them, but recently a newsletter came in from Vanguard that we thought was particularly helpful. Although the focus of this site is primarily to help you choose the right retirement community, being able to afford that community is pretty important too!
The Vanguard articles included:
– What your partner should know about your financial situation (in case something happens to you)
– Sensible spending tips for retirees
– How to support your favorite charities in a down market (some interesting stuff here)
Posted by Admin on May 20th, 2008
Retirement Real Estate
May 20 — The National Association of Realtors announced that home prices slid over 7% in the first quarter of 2008 compared to the year earlier period. Although sales volume is down as most buyers continue to stay on the sidelines, there is one category of sale that is hot right now – foreclosures.
In Southern California almost 38 percent of overall sales in April were from foreclosures. These increased sales will probably benefit the overall real estate market, including homes in active adult communities. The sales gains are clearly coming from lower prices – as banks take action to get non-performing assets off their books, prices go down. In fact there are reports that certain funds are taking big positions in buying foreclosed properties, often for cents on the dollar. (more…)
Posted by Boomer1 on May 20th, 2008
Active adult communities
May 13 — A report from Arizona State University’s Morrison School of Management and Agribusiness brought some welcome good news to the Arizona market for active adult communities recently. The school found that price drops in the area of over 30% helped spur increased sales in retirement communities among snowbirds during March.
The areas experiencing the largest sales activity are in the West Valley – where the newer towns of Surprise, El Mirage and Goodyear are located. Apparently sellers’s willingness to drop prices has at last been met with some interest by buyers. The older, more established communities of Glendale, Peoria and Avondale have seen more price stability and lower sales volume.
Posted by Boomer1 on May 13th, 2008