Are Grandparents Moving To Be Closer to Their Grandkids?

Written by Merritt Island FL Mortgage Syndicated User on October 11, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

During the pandemic, many people distanced themselves from their loved ones for health reasons. Grandparents were told to stay away from their grandkids, especially as schools started to open. That’s because it would have been risky to visit with their grandchildren who may have gotten sick from school.Now that the pandemic has passed, many grandparents want more than ever to be near their grandchildren again to make up for that lost time. But how are they getting that “Grandparent Wish?” The data tells us many are moving to make sure they’re getting more quality time.Grandparents Are Moving...

Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Merritt Island FL Mortgage Syndicated User on September 14, 2023. Posted in Baby Boomers, Buying Myths, Demographics, For Buyers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Rent vs. Buy.

Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more space to accommodate your loved ones? But maybe the biggest consideration boils down to this – will you buy your next home or choose to rent instead?That decision ultimately depends on your current situation and your future plans. Here are two important factors to help you decide what’s right for you.Expect Rents to Keep Going...

Could a Multigenerational Home Be the Right Fit for You?

Written by Merritt Island FL Mortgage Syndicated User on March 8, 2023. Posted in Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Millennials, Move-Up Buyers.

During the pandemic, many of us reexamined the meaning of home for ourselves and our loved ones. Today, that can be seen in the recent rise in multigenerational households. According to Jessica Lautz, Deputy Chief Economist and Vice President of Economic Research at the National Association of Realtors (NAR):“Multi-generational buying may be a home where families live in the same home with elderly parents, children who have boomeranged back home, or other extended family members. While this is not a new concept of living, it is one which has gained recent popularity.”And citing data from Pew...

A Smaller Home Could Be Your Best Option

Written by Merritt Island FL Mortgage Syndicated User on February 23, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates.

Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore. Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR), says:

Planning to Retire? It Could Be Time To Make a Move.

Written by Merritt Island FL Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Move-Up Buyers, Senior Market.

If you’re thinking about retirement or have already retired this year, you may be planning your next steps. One of your goals could be selling your house and finding a home that more closely fits your needs. Fortunately, you may be in a better position to make a move than you realize. Here are a few things to think about when making that decision. Consider How Long You’ve Been in Your Home From 1985 to 2008, the average length of time homeowners typically stayed in their homes was only six years. But according to the National Association of Realtors (NAR), that number is rising today, meaning...

More People Are Finding the Benefits of Multigenerational Households Today

Written by Merritt Island FL Mortgage Syndicated User on November 18, 2022. Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Millennials.

If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you. The Pew Research Center defines a multigenerational household as a home with two or more adult generations. And the number of individuals choosing multigenerational living has increased over the past 50 years. As you consider this option for your own home search, know it could help you on your homeownership journey and provide you with other incredible benefits along the way. Living with Loved Ones Could Help You Achieve Your Homeownership Goals There are several...

Planning To Retire? Your Equity Can Help You Reach Your Goal.

Written by Merritt Island FL Mortgage Syndicated User on August 19, 2022. Posted in Baby Boomers, Demographics, For Sellers, Merritt Island FL, Merritt Island FL Condo Financing, Merritt Island FL Mortgage Rates, Senior Market.

Whether you’ve just retired or you’re thinking about retirement, you may be considering your options and trying to picture a whole new stage of your life. And you’re not alone. Research from the Retirement Industry Trust Association (RITA) shows 10,000 Baby Boomers reach the typical retirement age (65) every day, and only 47% of the people in that generation have already retired. If this sounds like you, one thing worth considering is whether or not your current home will suit your new lifestyle. If your home doesn’t have the features or benefits you’re looking for, the good news is, you may...

Category: Baby Boomers