August 18th, 2010 |
by John |
published in
News, Reverse Mortgage, Senior Housing
USA Today is reporting that the explosive growth of America’s older population is fueling a grass-roots “village” movement in neighborhoods across the country to help people age in their own homes.
Over the past decade, more than 50 villages in a system where a neighbor-helps-neighbor have popped up in places like California, Colorado, Nebraska, and Massachusetts. [...]
June 8th, 2010 |
by John |
published in
News, Reverse Mortgage, Senior Housing
The latest findings from the Del Webb 2010 Baby Boomer Survey show only 23% of those still working between the ages of 50 to 64 plan to use home equity to help finance retirement. The number dropped to 10% for 64 year old boomers who are no longer working said the study.
While the survey [...]
March 24th, 2010 |
by John |
published in
News, Reverse Mortgage, Senior Housing
The Chicago Tribune is reporting that despite a tough real estate market, local active adult communities for those 55 and older are having some success. According to the Tribune, local builders are reporting that sales at active-adult communities never declined as much as they did at family-oriented or move-up developments. And recently, active-adult sales have [...]
December 28th, 2009 |
by Reva |
published in
News, Reverse Mortgage, Senior Housing
While images of nursing homes and assisted living often bring up visions of whitewashed walls, big buildings, and a hospital-like setting, other alternatives make clear that this is not always the case.
Of the one million people in assisted living (also known as residential care homes, adult foster homes, and board and care homes), about [...]
February 27th, 2008 |
by John |
published in
News, Senior Housing
Last week, the Wall Street Journal had an interesting article about seniors using payday lenders to make ends meet. Generally payday lenders require someone to have an incoming paycheck but with seniors they are using their social security benefits to secure the loans. “These people always get paid, rain or shine,” says William [...]
September 26th, 2007 |
by John |
published in
News, Reverse Mortgage, Senior Housing
To follow up on the Who Is Your Favorite Reverse Mortgage Spokesman post, I thought I’d point out that apparently the 50 and older crowd would prefer Oprah as their real estate agent over “The Donald”. This comes from a survey conducted by ERA Real Estate as part of its annual home ownership survey [...]
June 5th, 2007 |
by John |
published in
Reverse Mortgage, Senior Housing
An article from National Real Estate Investor discusses the new niche market of senior community housing projects which are gaining popularity in certain areas across the US. Here in Chicago you are starting to see a large number of these communities popping up in the surrounding suburbs for people 55 and older. The biggest [...]