According to a recent national survey by Coldwell Banker®, 53 percent of real estate professionals in popular retirement locations report increases in retirees age 60 and younger purchasing homes. Further, 43 percent of sales associates and brokers surveyed believe market and economic conditions may cause an increase in demand for retirement homes in their areas throughout the next year.
“Over the past couple of years, home prices have declined significantly in the majority of markets with traditional appeal to retirees,” says Jim Gillespie, president and chief executive officer of Coldwell Banker Real Estate LLC. “Younger retirees are taking advantage of these desirable prices and turning the economic downturn into an opportunity.” (Read more about the Coldwell Banker survey)
Add to this picture rising mortgage loan rates that have once again topped 5% and surges in pending home sales unseen since 2001, and it’s clear the time to buy the retirement home of your dreams at the price of a lifetime could be running out. Let us help you find your Mountain or Coastal dream home today!
