50+ Home Builders Optimistic

Category: Active adult communities

bolton_ma_retirement1April 29 – Your editor just spent a few days in the City of Brotherly Love attending the National Association of Homebuilders (NAHB) 50+ Builders Show: Building for Beyond. While you might expect that any convention of home builders in this economic climate would be a downer, this conference was anything but. Builders, at least the obviously successful ones who gathered here in Philadelphia, are a resilient and resourceful bunch.  It was obvious from their questions and comments why these builders have been so successful:  they want to build the homes and communities that satisfy the changing (more…)

Posted by Admin on April 29th, 2009

Closeness to Family is Primary Consideration for Baby Boomers’ Move to Active Adult Communities

Category: Baby Boomer Retirement Issues

family_reunion1April 28 – A much larger percentage of baby boomers now cite ”being close to family and friends” as their primary motivation for selecting an age-qualified active adult community. The sharp increase, from 19.7% in 2001 to 39.9% in 2007, represents one of the most striking conclusions from a study released today at the NAHB`s Building for Boomers & Beyond: 50+ Housing Symposium in Philadelphia. The study was produced by the National Association of Home Builders (NAHB) and the MetLife Mature Market Institute (MMI). The data is significant because by 2010 the Boomers will represent one quarter of the U.S. population. (more…)

Posted by Admin on April 28th, 2009

Internet Has All the Tools – For Homebuying

Category: Retirement Real Estate

cellphoneBuying your retirement home might be a lot easier than any house you ever purchased before, thanks to an ever-expanding list of internet tools. Not only do new websites keep cropping up in familiar areas, but they are arriving with new services as well. This article will provide a quick roundup of the online services that can make purchasing your active adult or 55+ community a lot easier.

Mortgages
Type in “mortgages” into your search bar and you will find companies eager to offer you a mortgage. Given the recent publicity about mortgage predators, you should tread carefully. Get more than one opinion, shop locally, and get the opinion of your legal adviser before you act. (more…)

Posted by Admin on April 27th, 2009

Top 6 Things to Look for in a Home Inspection

Category: Retirement Real Estate

gautier-ms-finishedhouse0001It’s April so it must be Home Inspection month. If you are thinking about buying a new home for retirement this is a good time to get acquainted with the basic items to look for when buying a home. This is particularly true in this era of short sales and foreclosures, where preventative maintenance probably wasn’t kept up with. Editor’s note: We have to confess we felt a little superior when we saw this topic in a headline. But guess what – most of these concerns hadn’t even occurred to us. (more…)

Posted by Admin on April 21st, 2009

Conference to Discuss Baby Boomers Housing Trends

Category: Baby Boomer Retirement Issues

bolton_ma_retirementYou know you are a force when industry experts call a conference to discuss how to best serve your needs. The National Association of Home Builders is hosting a conference in Philadelphia (April 27-29), “Building for Boomers & Beyond: 50+ Housing Symposium”.

The conference will bring together builders and a host of experts to discuss how to best meet baby boomer needs as this huge group gets ready for retirement living. Keynote speakers include Mark Zandi, Chief Economist & Co-Founder, Moody’s Economy.com; and Dave Crowe, NAHB Chief Economist.  Some of the planned sessions include a bus tour of active adult communities in Philadelphia’s northern suburbs. There will be a case study on Chatfield Farms: Redefining a 55+ Lifestyle Community.

Your Topretirements editor will be attending the conference to try to glean some insight into what might be coming up for baby boomer housing. Some of the sessions we are interested in attending include “Developing Active Adult Communities: A New Model for the Baby Boom Generation” and ” Boomers in the City: Designing for an Urban Lifestyle”.

For more information on the conference go to the NAHB.  Stay tuned for our report in the coming weeks.

See also: “Top 10 Trends in Active Adult Community Trends – 2009

Posted by Admin on April 20th, 2009

Predicting How Baby Boomers Will Change Retirement

Category: Baby Boomer Retirement Issues

We’re the generation that thinks we own the trademark on youth, but now ironically headed for retirement. A lot of experts are trying to figure out how we will impact the multi-billion dollar retirement market when we hit it in force in the next few years.
Many experts agree that a significant portion of baby boomers will thumb our noses at the stereotypical retirements of our parents. To those of us who grew up in the Age of Aquarius, selling the split level and spending our days playing golf and shuffleboard at Leisure Acres is just not very appealing. (more…)

Posted by Admin on April 15th, 2009

Sun City Parent Co to Merge with Centex

Category: Active adult communities

In a proposed merger that will create the largest homebuilder in America, Pulte Homes will combine with homebuilder Centex in an all stock deal. Pulte Homes is the parent company of the Anthem and Del Webb brands, the latter which brings you the huge Sun City active adult communities around the U.S.
The combined company, which will have $3.4 billion in cash, will use the Pulte name. Centex tends to specialize in entry level and first and second move up homes, while Pulte is known for its presence in the active adult segment of the market.

One reason given for the merger, other than operating efficiencies, is the attraction of the large landholdings owned by Centex in Texas and the Carolinas. These markets have been less affected by the housing meltdown than many others. The combined company will have operations in 59 markets and 29 states.
The merger appears to make sense in that it creates relatively little redundancy and in fact strengthens both companies.  Our prediction: when the market recovers, look for more Pulte and Del Webb projects in the Sunbelt.

Posted by Admin on April 10th, 2009

Retired, No Job, No Income – Opportunity Knocks!

Category: Work and Volunteering

It’s happened to so many people lately. Folks in their 50’s and 60’s go in to work one day and find themselves retired by the end of it. While they might have looked forward to that time off a few years ago, this news, combined with their plummeting retirement portfolios, is frequently a major cause of concern and even desperation. (more…)

Posted by Admin on April 7th, 2009