Amplify’d from www.retirementliving.com
Council of the National Association of Home Builders (NAHB) and the
MetLife Mature Market Institute shows the recession has made 55+
buyers more practical when selecting a new home. Design considerations
have become less important, and financial concerns have become more
prominent.
organizations found that most 55+ buyers depended on home sale
proceeds to finance a new purchase. The most recent data shows that
option diminished during the economic downturn.
friends is the mature mover's overwhelming motivation, the report
noted. The design, amenities and appearance of the residence and the
community remain important, but less so than before the recession. 55+
buyers moving into rental homes, both multi-family and single-family,
cited a desire for less expensive housing as second in importance to
living near friends and family.
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