Should Baby Boomers Buy or Rent After Selling Their Houses?

Written by Pompano Beach Mortgage Syndicated User on September 14, 2023. Posted in Baby Boomers, Buying Myths, Demographics, For Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage, 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 Pompano Beach Mortgage Syndicated User on March 8, 2023. Posted in Baby Boomers, Demographics, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

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 Pompano Beach Mortgage Syndicated User on February 23, 2023. Posted in Baby Boomers, Demographics, For Buyers, For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage.

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 Pompano Beach Mortgage Syndicated User on December 16, 2022. Posted in Baby Boomers, Demographics, For Sellers, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage, 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 Pompano Beach Mortgage Syndicated User on November 18, 2022. Posted in Baby Boomers, Demographics, For Buyers, Gen Z, Generation X, Millennials, Pompano Beach Condo Financing, Pompano Beach Mortgage.

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 Pompano Beach Mortgage Syndicated User on August 19, 2022. Posted in Baby Boomers, Demographics, For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, 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...

Is It Time To Buy a Smaller Home?

Written by Pompano Beach Mortgage Syndicated User on April 19, 2022. Posted in Baby Boomers, For Buyers, For Sellers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Senior Market.

Life events can have a major impact on what you need from your home, and retirement is one of the biggest changes many of us face. This period of your life can mean doing more of the things you enjoy, like traveling, visiting with loved ones, or taking on new hobbies. But what does that mean for your home? If you’re looking for ways to focus more on the important things in your life, the answer could be downsizing. A recent article from The Balance talks about why it could be a great option, saying: “There are many reasons to buy a smaller home—or to downsize from your present home—but sometimes,...

What Is Multigenerational Housing? [INFOGRAPHIC]

Written by Pompano Beach Mortgage Syndicated User on April 16, 2022. Posted in Baby Boomers, Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Generation X, Infographics, Millennials, Move-Up Buyers, Pompano Beach Condo Financing, Pompano Beach Mortgage, Senior Market.

Some Highlights If you have additional loved ones coming to live with you but don’t have enough space, it may be time to consider a larger, multigenerational home. Some key benefits of multigenerational living include a combined homebuying budget, shared caregiving duties, enhanced relationships, and more. These benefits might be why more people are choosing to live in multigenerational homes today. Let’s connect so you can find a house that meets your changing needs and has plenty of space for you and your loved ones. Content previously posted on Keeping Current Matters

Category: Baby Boomers