Downsizing this Year- 5 pro tips for seniors

Let’s face it, at any stage of life, moving can be a daunting and often stressful task. However, combine a move with a need to downsize, and the process can seem downright overwhelming. However, fear not! With some careful planning, you can minimize the amount of stress involved. As Realtors who specialize in condos, we

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Freddie Mac blames seniors for the current housing shortage

Seniors are said to be creating a barrier for young adults entering home ownership for the first time, due to not moving out of their homes and instead deciding to “age in place”, according to a report from Freddie Mac. Freddie Mac’s February Insight report notes that around 1.6 million existing homes are being held

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Seniors are getting a taste for luxury

The retirement community sector is getting an image overhaul, with upscale residences that provide personal care popping up across the nation. These communities include both independent living and nursing assistance homes, complete with amenities to rival the very best of five star luxury hotels or high-end cruise ships, the New York Times reported. Developers are

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Is a reverse mortgage right for you?

As such, a growing number of senior Americans are considering a reverse mortgage as a way of supplementing their income during their golden years.

Why seniors should consider a reverse mortgage

The reverse mortgage deserves closer scrutiny. It’s usefulness for seniors has improved recently due to mandatory education, tighter eligibility requirements and new legislation that prioritizes applicant’s right to stay in their home

Older Americans Holding Up Home Ownership

Americans age 65 and over are holding onto home ownership instead of downsizing into rentals or moving to senior centers, Bloomberg Businessweek reports.

Memphis A Great Place to Retire

When it comes to a retirement community, you’ll find plenty of options and reasons to select Memphis. Of course, retirees need more than a nice climate and a place to live. The amenities and resources for retirees are plentiful in the Memphis region. Memphis abounds in recreation centers, places to find delicious food, opportunities to

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Will Housing For Older Folks Be The Next Major Crisis?

The lack of affordable, accessible, and well-located homes is failing to meet the needs of an aging population and could be the nation’s next housing crisis, a new report suggests.

Boomers And Reverse Mortgages – Another Crisis In The Making?

Every time I see one of those reverse mortgage commercials on television – especially the one with Fred Thompson – I have to fight the urge to throw something at the TV.  I’ll come out of the closet and admit it, I hate reverse-mortgage commercials with a passion that is difficult to describe. For one

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Baby Boomers Over Age 55 More Likely To Own And Invest In Real Estate

A recent article on doctorhousingboom.com clearly demonstrates the impact that boomers are having on the housing market. Boomers between the ages of 55 and 74 are much more likely to own additional residential property besides their personal home, and while some of these homes are vacation properties, most are likely to be held for use as rental property.

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