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Seniors Are {on the road} in {the true} Estate Market

Seniors Are {on the road} in {the true} Estate Market

Did {you understand} August 21st is National {OLDER PERSONS} Day? {Based on the} United States Census, {we honor {older persons} today because,|today because we honor {older persons},}

 “Throughout our history, {the elderly} have achieved much {for the} families, our communities, and our country. That remains true today {and provides} us ample reason…to reserve {a particular} day {honoring} the {older persons} who mean so much {to your} land.{

give proper recognition

To,} we’re {likely to} look at some senior-related data in the {housing marketplace}.

According to the Population Reference Bureau,

The {amount of} Americans ages 65 and older is projected to nearly double from 52 million in 2018 to 95 million by 2060, and the 65-and-older age group’s share of {the full total} population will rise from 16 percent to 23 percent.”

Seniors {Have confidence in} Homeownership

In {a recently available} report, Freddie Mac compared the homeownership rates of two {sets of} seniors: the Good Times Cohort (born from 1931-1941) and the Previous Generations (born in the 1930s). {The info} shows {a rise} in the homeownership rate for the Good Times Cohort because seniors {are actually} aging {set up}, living longer, and maintaining {a superior quality} of life into their later years.Seniors Are on the Move in the Real Estate Market | Simplifying The MarketThis, however, does not mean all seniors are staying in place. {Some are actively {investing} homes.|Some are {investing} homes actively.} In the 2019 Home Buyers and Sellers Generational Trends Report, the National Association of Realtors® (NAR) showed the percentage of seniors buying and selling:Seniors Are {on the road} in the Real Estate Market | Simplifying The Market

Here are some highlights from NAR’s report:

  • Buyers ages 54 to 63 had higher median household incomes and were {more prone to} be {maried people}.
  • 12% of buyers ages 54 to 63 are first-time homebuyers, 5% (64 to 72), and 4% (73 to 93).
  • {

  • Buyers ages 54 to 63 purchased {due to} {a pastime} in being {nearer to} friends and families,|
  • Buyers ages 54 to 63 purchased {due to} {a pastime} in being {nearer to} families and friends,} job relocation, {and the {need to} own a home {of these} own.|and the {need to} own {a genuine} home {of these} own.}
  • {

  • Sellers 54 years and older often downsized and purchased {an inferior},|
  • Sellers 54 years and older downsized and purchased {an inferior} often,} less expensive home {compared to the} one they sold.
  • Sellers ages 64 to 72 lived {within their} homes for 21 years {or even more}.

{IMPORTANT THING}

According to NAR’s report, 58% of buyers ages 64 to 72 said {they want} help from an agent {to get the} right home. The transition {from the} current home to {a fresh} one is significant {to attempt}, especially for {whoever has} lived in {exactly the same} house {for quite some time}. If you’re a senior {taking into consideration the} process, {let’s {gather} {to assist you} make the move as smoothly {as you possibly can}.|let’s {reach} {help you create} the move as smoothly {as you possibly can} together.}

You {may also} enjoy reading…

Oliver and Devinee Overton-Morgan
Morgan Property Solutions
Orlando Property Management
Orlando Property Manager
Property Manager in Orlando
Orlando Real Estate

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