News & Issues for the Mature Market*

Seniors Population Grows in 11 States
Thinking of relocating to a different state when you retire? Eleven states experienced faster senior growth than Florida in the 1990's, according to American Demographics magazine. Nevada experienced the highest senior population growth rate during the late 1990's (70%) followed by growth of more than 25 percent in Alaska, Arizona, New Mexico, Hawaii, Utah and Colorado. South Carolina, Texas, North Carolina and Georgia each recorded growth of at least 19 percent in senior populations.
Source: Real Estate Business. Jan/Feb, 2002

Wake-up Call for Senior Housing Communities
A survey conducted by the National Investment Center for the Senior Housing & Care Industries seems to be a wake-up call for senior housing communities. The survey of 4,511 mature households aged 60+ found that these communities need to focus less on the care provided and more on the lifestyle benefits of the community.

While the proportion of 60+ households thinking of moving to a retirement community more than doubled from 1998 to 2000 (1.9% to 5.2%), there has not been an increased proportion of seniors actually moving into communities.

Respondents in the study have stayed in their own homes longer (a mean of 26.8 years) than in any of the previous studies. Results indicate seniors are delaying the move until they actually need care.
More information: www.nic.org

Hints for Buying and Selling
There is a range of steps to consider when you're preparing to buy or sell a house. Renee Funk, president of The Relocation Company, an independent firm that manages home sales, offers some thoughts:

Select a REALTOR® experienced in and knowledgeable about the area to do an analysis of the property.

Review several market analyses to determine the listing price.

Make sure your agent has a specific marketing program and performs in a timely way.

If you are selling, pay heed to special problems the agent might indicate, such as whether the house needs work, is too cluttered or too pristine.

If you are buying, make sure the agent understands your needs, and is acting to meet them.

Don't feel overwhelmed. Break the process into steps, and take them one at a time.

Look at this as a business transaction. If selling, remember that your home is an asset, no matter how many happy years you spent in it. Look at it objectively.
Source: Lifestyle, 2001

Market For Hospice Care Expected to Grow As Boomers Age
When they became first-time parents, baby boomers helped redefine how a baby is brought into the world. Out went the sterile hospital model of doctors with forceps and in came soft lights, music, midwives and birthing rooms.

This kind of control over care received is likely to follow boomers all the way until their final hours. Already, many boomers are turning to hospices, not hospitals, as they help care for their dying parents.

* An SRES Article

The Senior Advantage Real Estate Council and/or SRES are not responsible in any manner for direct or indirect damages, howsoever caused, arising out of or from the use of this website, or the reliance on the information it contains. Links to other websites or references to products, services or publications other than those of SAREC or SRES do not imply the endorsement or approval of such websites, products, services or publications by the Senior Advantage Real Estate Council.



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