April 2021 Consumer Newsletter for Seniors
As an SRES® REALTOR®, I have access to monthly National Association of REALTORS® newsletters aimed at the senior citizen community (50+).
The April 2021 Consumer Newsletter, link provided below, focuses on the belief that cities are dead and suburban and rural areas are growing faster. The newsletter debunks this belief, but I have to add a caveat. As with any high-level real estate claim, different localities see different results. So check with your real estate professional to find out how your area is faring.
The April newsletter also talks about taking care of your seasonal property during any time it is unoccupied, and covers home buying challenges for millennials (another comment, I’m not sure why this is in the SRES newsletter, but there it is!)
Other interesting tidbits for the month
The newsletter mentioned above focuses on growth rates in urban areas, but this report from National Association of Homebuilders indicates more buyers want to live in a suburb than in previous reports. The percentages are not significantly different than in the past, but do reflect some change in living area preference.
The cost of Elder Care is expected to double by 2031. The increase is due to rising demand for in-home and long-term care. See the Canadian Medical Association‘s study for more information.
The two groups of people who seem to have become the loneliest during the last year are the elderly and young adults. This article highlights some efforts to bring those two groups together, resulting in friendships and improved feelings of community. As an aside, I personally think there are huge benefits when families are able to experience multi-generational living. It’s unfortunate so many do not.
And that is it for this month. What do you think about the above information?
To read this month’s full newsletter, click on the link below.
If you would like to get on my mailing list for the SRES® newsletter, let me know and I’ll provide a copy monthly via email.
Enjoy your month!