Did you know that on average 83% of an individual’s wealth at retirement comes from his/her home equity? (Source: HomeBot 2018) We have learned that our clients aged 50+ years young, are much different than their peers in other cities—-they don’t just want a house, they want the best that life can offer them. People are living longer. Now, after raising children, achieving professional goals, or facing retirement you are ready for new challenges. Whether you’re looking for a lock-and-leave lifestyle or simply want to downsize, we can help. You want active lifestyles, quality healthcare and the very best of urban and suburban living surrounded by award winning parks, nightlife and restaurants. Our clients desire real estate partners who will focus on their biggest asset—their home. And we will help parlay this asset into a comfortable lifestyle. Park Properties Realty focuses on what really matters. YOU.
Baby Boomers are not putting their feet up. Today Boomers are more likely to start businesses than are Millennials, according to Forbes.com’s Brian Scudamore, author of “Why Baby Boomers Are Ditching Retirement To Launch Their Own Businesses.”
Colorado Springs is one of the five metro areas in which Trulia expects an inventory boom as Baby Boomers downsize (Trulia 2018.) The Springs is one of five cities nationwide with the highest percentage of homes owned by Boomers—65.9 percent. Potentially these Boomers will sell their homes and Trulia adds that while home prices have risen 10% year over year, listings from empty nesters are likely going to be attractive to younger buyers.
Rising mortgage rates and home prices plus inventory shortages are converging to create a new housing crisis for baby boomers, according to Bankrate.com (Sept. 2018.)