Home Options Increase After 55
Have you found that your home no longer suits your needs and lifestyle? Perhaps your family size has changed or you recently retired and are seeking something new. If you are in the 55 and over age bracket, you may find yourself in the market for a new home, whether you are looking to downsize or make the move to a senior community.
The most recent National Association of Home Builders’ Housing Market Index reported that this is not uncommon and that “builder confidence in the 55+ housing market for single-family homes showed strong continued improvement.” Robert Karen, supervising member of the Symphony Development Group and presiding officer of NAHBs’ 50+ Housing Council offered some hopeful insight for homeowners in this situation: “With existing home prices rising, consumers are able to sell their current homes and make the move toward either purchasing a home or renting an apartment that is designed to more specifically suit their lifestyle.”
So, if you’ve been considering putting your home up for sale, this may be the time to do it. Many options exist locally and in new communities; they can be a great way to start fresh and see what life has to offer you in a new home. Meet new friends, get rid of some of the clutter, and feel happy and safe in your home. Market trends are looking up for making a move, so start the search for a home that perfectly fits your new lifestyle today.
Read about the actual study findings on 55+ home ownership by clicking here.
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All statistics are gathered from the Buffalo Niagara Association of REALTORS®.
For more information, call our Myriad Team at Keller Williams Lancaster Team at (716) 650-0051
Thinking of selling your Western New York home? Interested in finding out the current market value of your single family home, condo or investment property? Then call us at (716) 650-0051 to discuss what is happening in today’s Western New York Real Estate Market. We would be happy to give you a personalized Comparative Market Analysis for your home or assist you to purchase a home.