Some retirees have a big problem with short-term rentals

Retirees are finding it tough to find a home in desirable destination and resort areas where they can better connect with their neighbors due to the advent of short-term rentals such as Airbnb. The problem is that homes in these desirable locations often tend to have lots of short-term rental properties within the same neighborhood,

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Age is no barrier for mortgage applicants

Many older citizens do not realize that they could still qualify for a mortgage, even though discrimination against applicants based on their age is forbidden by the Equal Credit Opportunity Act. Indeed, even some mortgage professionals are unaware of the rules, it seems. The Wall Street Journal relates the case of Mary Babinski, a senior

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Contrary to popular opinion, most baby boomers aren’t looking to downsize

The common perception that retirees are thinking of downsizing and moving to urban areas might be a myth. Instead, most baby boomers actually have similar ideas to millennials and Generation Xers, a new study has found. The survey by Del Webb, a builder of active-adult communities owned by the Atlanta-based PulteGroup, found that most homeowners

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Baby boomers could struggle to downsize from their ‘supersize’ homes

Baby boomers who have built “supersized” homes for themselves may find it difficult to sell when they want to downsize, according to a report in the Wall Street Journal. The report adds that some sellers are resulting to steep price cuts in order to attract prospective buyers. Around 15 years ago, just before the Great

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When the Time Comes for a Reverse Mortgage

Baby boomers are retiring at a rate of about 10,000 per day (more than 3.5 million a year) and will continue doing so for the next decade. According to a report by the Economic Policy Institute (EPI), the average household

Retirees weigh up renovation vs relocation

A recent report revealed that as people edge towards retirement age, the more they value the emotional connection to their home rather than the financial value.

All Bets on Boomers as Millenials Struggle to Buy

While younger people increasingly delay home ownership, baby boomers are stepping in to fill the void.

More Retirees Fail To Pay Off Their Mortgages

A new Census Bureau report shows an alarming rate of older households carrying home debt well into retirement, and the amount of debt they’re carrying has risen over recent years.

Second Time Homebuyers and The Babyboomers

If you are a new retiree or you’re close to retiring, you may be considering relocation to a different home. Even if you have some ideas about what you want, there are several important factors to consider before you begin your search. The process of second-time buying can be significantly different than it was the

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Will Zero Percent Interest Rates Force Older Homeowners Into Reverse Mortgages?

I can honestly say that the current state of the housing market in the U.S. is unlike anything we’ve ever seen in it’s history. Though the Federal Reserve has implemented one round of money printing after another, with unprecedented amounts of cash going to help bolster the secondary mortgage market, housing is still barely conscious

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