• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Rogers Neighborhood Realty

Greater Grand Rapids Real Estate

  • Real Estate Blog
  • RamseyTrusted
  • How we serve our Community
  • Our Agents
  • Reviews
  • Contact
    • Free Sellers Guide
    • Free Buyer Guide

Retirement May Be Changing What You Need in a Home

November 18, 2021 by Rogers Neighborhood Realty

Retirement May Be Changing What You Need in a Home | Simplifying The Market

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom:

“At least 1.7 million more older workers than expected retired due to the pandemic recession.”

If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity Insights report from CoreLogic, homeowners gained more than $50,000 in equity over the past 12 months alone. That, plus today’s sellers’ market, presents a great opportunity to sell your house and address your evolving needs.

You Can Move Closer to the Ones You Love

The 2021 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR) provides a look at the reasons people buy homes. For those reaching retirement age, the number one reason to buy is the opportunity to be closer to loved ones, friends, or relatives.

If you find yourself farther from your loved ones than you’d like to be, retirement and the equity you’ve built in your home may enable you to move closer to the people in your life who matter most.

You Can Find the Right Home for Your Needs

Not only can your equity power a move to a new location, but it can also help you purchase the right size home. Lawrence Yun, Chief Economist at NAR, says many homebuyers 55 and older choose to downsize – or buy a smaller home – when they make a purchase:

“Clearly from the age patterns, young people want to upsize, and the older generation is looking to downsize. . . .”

Whatever your home goals are, a trusted real estate advisor can help you to find the best option for your situation. They’ll help you sell your current home and guide you as you buy your next one while you move into this new phase of life.

Bottom Line

If you’ve recently retired and your needs are changing, you’re not alone. Let’s connect so you can get a better sense of how to find a home that will match your situation.

Filed Under: Baby Boomers, Demographics, For Buyers, For Sellers, Senior Market

About Rogers Neighborhood Realty

If you’re looking for a Realtor who is professional, friendly, and is extremely knowledgeable about selling and buying houses, I’d love to work with you! With my previous background as a Circuit Court Clerk, and serving on many non-profit boards; I have a wide knowledge of the area and schools.
When I’m not out helping people find just the right home, I can be found leading my two Girl Scout Troops, training for my next marathon, gardening, or volunteering within my community. Want to learn more about how we can work together? Email, call or text me anytime!

More Posts

Should You Update Your House Before Selling? Ask a Real Estate Professional. [INFOGRAPHIC]

What You Actually Need To Know About the Number of Foreclosures in Today’s Housing Market

Are There More Homes Coming to the Market?

Will Home Prices Fall This Year? Here’s What Experts Say.

Primary Sidebar

  • Facebook
  • Instagram
Start Your Home Search Here!
Residential
Land
2 to 4 Units
5+ Units
Acreage
Commercial Land
Dockominium
Industrial Land
Lot
Multi-Family
Office Land
Apartment
Condominium
Duplex
Room
Single Family Residence
Stock Cooperative
Business Opportunity
Industrial
Office
Retail/Commercial
Condominium
Farm
Single Family Residence
Stock Cooperative
Industrial
Office
Retail/Commercial
to
to
to
More Search Options

Categories

Footer

Connect with us today!
Your single best source for all things Real Estate

Connect with us on:

  • Facebook
  • Instagram

Sign up for our monthly newsletter to stay on top of the market here:

Copyright © 2022 · Agent Focused Pro by Winning Agent · Log in

Rogers Neighborhood Realty - Broker 6505431090 318 E Main St, Suite A, Lowell, MI 49331