Thursday, November 17, 2005

"Seniors" share their thoughts on housing

We use the term "seniors" lightly ... we're there with you!

Having said that, the Senior Advantage Real Estate Council® (SAREC®) sponsored a September 2005 study to give us all a better idea of what "seniors" are looking for when it comes to housing. The study was conducted on recent home buyers (last six months) who are age 50 and older. One trend was the difference between the preferences of those seniors between the ages of 50 and 64, and those age 65 and older.

The study, titled "Moving Forward: 50 and Beyond," found that regarding internet use, "...nearly two-thirds (61 percent) did so to locate a specific REALTOR®, 92 percent utilized the Internet to research comparable prices, and 19 percent went online to learn about specific neighborhoods to move to."

That surprises us a little, as we would have thought that there would be more use to explore neighborhood possiblities.

Additionally, "The survey also revealed that not only did most senior homebuyers stay within their home state (82 percent), they moved less than 100 miles from their previous home. Younger seniors tended to move farther away from their previous residences than did older seniors. Of those senior homebuyers who did move to a new state (18 percent), the most popular choices were: Florida, 26 percent; Texas, 11 percent; Arizona, 8 percent; Nevada, 7 percent; and Virginia, 6 percent."

Interesting statistics and information!

To read more: Seniors housing preferences

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