Housing Markets Making Forward Progress

Category: Retirement Real Estate

This article contains information from the NAHB on 2 topics: progress toward recovery in the housing market and the list of finalists in their 50+ housing category awards competition.

WASHINGTON – Markets in 59 of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity in the third quarter of 2014, according to the National Association of Home Builders/First American Leading Markets Index (LMI) report from November. This represents a year-over-year net gain of seven markets. Based on current permit, price and employment data, the nationwide average is running at 90 percent of normal economic and housing activity. Meanwhile, 66 percent of markets have shown an improvement year-over-year.

“The markets are recovering at a slow, gradual pace,” said NAHB Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. “Continued job creation, economic growth and increasing consumer confidence should (more…)

Posted by Admin on December 8th, 2014

Are Time Shares Part of Your Retirement Strategy?

Category: Retirement Real Estate

October 30, 2014 — Our member Louise recently started an interesting conversation about time shares on another of our posts. Then Caps suggested that we begin a Blog post on that topic. Seems like a fine idea, since we know that many retirees rely on time shares, aka Interval Ownership units, as a way to make their retirement life more enjoyable.

Time Shares – Different Strokes
Many folks have 1 or 2 time shares that they look forward to using every year. Some have additional weeks in different locales and time periods. Others we know have consecutive weeks in the same locale/complex, which allows them to stay in a favorite place for a long period of time. And then we know others who not only have consecutive weeks, but have multiple units at the same time so their children/grandchilden can visit.

How time shares get used also varies. Some folks stay (more…)

Posted by Admin on October 30th, 2014

Should You Buy a Home for Retirement with a Swimming Pool

Category: Retirement Real Estate

September 16, 2014 — One of our members, Caps, posted this question on another Blog topic, the results of our recent Retirement Confidence survey. SandyZ suggested that since it generated a fair amount of discussion, we move the swimming pool conversation here to give it its own place. Good suggestion!

Another question for the other readers…. There hasn’t been a blog addressing this issue that I am aware of.
We plan to purchase our retirement home next week. We will be choosing from 5 that intrigue us. One home has a full underground pool, one has an above ground pool with decking, one has a swim spa (swimming against jets, plus a hot tub all in one unit 16?), one has a regular hot tub that seats 6 and one has no pool or spa, but a great location.
So the question……do any of you have any experience with pools or spas? We do not, however believe it would be a good feature for exercise as we age. We live so far up north, owning and heating a pool seemed nonsensical to us. We are planning a relocation to eastern TN, where water features are quite common.
We could really use some advice and help with our decision. We have no idea how any of these choices would affect our budget. PLEASE HELP

Posted by Admin on September 18th, 2014

Baby Boomers Finding it Easier to Sell Their Homes: Builder Confidence in 55+ Market Highest Since 2008

Category: Retirement Real Estate

WASHINGTON, May 8 – Builder confidence in the single-family 55+ housing market for the first quarter of 2014 reached the highest first-quarter reading since the inception of the index in 2008. That’s according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI). Compared to the first quarter of 2013, the single-family index increased 4 points to a level of 50, which is and the 10th consecutive quarter of year over year improvements.

Good news from baby boomers fueling the market
“There are many factors contributing to the (more…)

Posted by Admin on June 2nd, 2014

Snowbird Rentals for Next Winter – Going, Going, Gone!

Category: Retirement Real Estate

May 28, 2014 — We hear a lot of anecdotal information about snowbirds having problems finding a rental for the upcoming 2014-2015 winter season. The issue mostly goes back to the harsh winter we just ended, which has motivated more people to look for a winter break down south. Exacerbating the problem is a bumper crop of retiring boomers who are entering the rental market.

We know of one couple who gave up looking in Bonita Springs (FL) because they couldn’t (more…)

Posted by Admin on May 28th, 2014

Flood Insurance Changes Will Reduce Anxiety Along the Coasts

Category: Retirement Real Estate

March 14, 2014 — President Obama is set to sign a new bill passed by the Senate and House that rolls back planned flood insurance increases. The National Association of Home Builders (NAHB) welcomed the Homeowner Flood Insurance Affordability Act, saying: “Flood insurance legislation will provide much-needed certainty to home owners and financial stability for the National Flood Insurance Program (NFIP).

Home builders believe the reform will provide an important boost to home building and remodeling. People who own homes affected by the 2012 Biggert-Waters Flood Insurance Reform Act are relieved that they will not have to face huge premium spikes and impacts on (more…)

Posted by Admin on March 14th, 2014

Housing Market Gets Triple Helping of Good News – But Is That Good for You

Category: Retirement Real Estate

February 26, 2014 — What used to be described as the “beleaguered” housing market has entered a new phase these days. This week it received more great news. But, if that is good for you as a potential buyer in the retirement housing market is another question.

First, according to the Standard & Poor’s/Case-Shiller price index housing prices in the 4th quarter of 2013 rose 11.3% compared with a year earlier. Home prices haven’t recovered everything they gave back from 2008 -2011, but they are getting closer in most markets.

Second, the Commerce Department reported that sales of single family homes surged in January. They rose 9.6% from the previous month, reaching their highest level since July 2008. Economists were (more…)

Posted by Admin on February 28th, 2014

Buy First and Then Sell – Or Vice Versa?

Category: Retirement Real Estate

January 15, 2014 — This really good question was posted in the Topretirements Forum by Margielyn. We thought it so interesting that we have re-posted it here so people can Comment about it more easily

“It is usually the best idea to sell a home before buying a new one. This is for financial reasons: we won’t have two mortgages and we would know the price house we can afford since we will use the proceeds from the sale of our current house to buy the new one. The problem… where do we live reasonably until we find our new home? What do we do with our furniture? Move it twice, once to a storage facility and then to our new home? How will we know what furniture to (more…)

Posted by Admin on January 15th, 2014

How to Find a Great Snowbird Rental for the Winter

Category: Retirement Real Estate

December 10, 2013 — The horrible Arctic weather the northern half of the USA just experienced has probably had one unintended side effect – it made more people interested in finding a snowbird rental for the winter. This article will give you suggestions on how to narrow your choices on where to live, give some tips on how to go about finding a winter rental, and provide a list of reader-suggested snowbird destinations from earlier this year.

Many Advantages
Admittedly we are biased, but we think there are many advantages to (more…)

Posted by Admin on December 10th, 2013

Low Income Retirement and Renting- A Discussion

Category: Retirement Real Estate

November 10, 2013 — Several members have requested a new thread be started on the subject of low income retirement. So we will start it for you with the original request (below):

Note to group – if you want to start a new discussion thread the best way to do that is to go the Forum (in the top navigation bar) and start a new Thread under the most appropriate “Topic” you see there. You do need to be registered as a Member to post there, whereas if you are commenting on the Blog you don’t have to be registered. Thanks for suggesting this Judith Keefer!

Jeanne C brought up a really great topic for discussion. There have been some good responses so far, but doesn’t this subject deserve its own thread (we are still in AZ vs. FL territory, after all)? How does one go about setting up a new thread
Here was Jeanne C’s original suggestion:
Hello everyone. I would like to start a new thread regarding those of us retirees who own a home but have little else. Most of the ‘senior villages’ etc cost more than what we could gt for our home here in Florida (N of Orlando)

Here is another comment on this story that came in from Diane:

Agree with comment of Judith Keefer on Ariz vs Fla thread suggesting a new thread for low income retirement choices. Also wish there was more to see about renting in 55 pus communities. Have learned much good info on this site, but there are many retirees who still cannot afford to buy, but are looking for reputable and enjoyable communities with rental options. Thanks.

What do you think – post your responses below in the Comments section.

Posted by Admin on November 10th, 2013
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