{"id":2216,"date":"2021-11-17T14:58:24","date_gmt":"2021-11-17T14:58:24","guid":{"rendered":"https:\/\/phphouses.com\/blog\/?p=2216"},"modified":"2021-11-17T14:58:24","modified_gmt":"2021-11-17T14:58:24","slug":"retirement-may-changing-need-home","status":"publish","type":"post","link":"https:\/\/phphouses.com\/blog\/retirement-may-changing-need-home\/","title":{"rendered":"Retirement May Be Changing What You Need in a Home"},"content":{"rendered":"
\"\"

Retirement May Be Changing What You Need in a Home<\/p><\/div>\n

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\u00a0Schwartz Center for Economic Policy Analysis<\/em>, 2021 saw a retirement\u00a0boom<\/a>:<\/p>\n

\u201cAt least 1.7 million more older workers than expected retired due to the pandemic recession.\u201d<\/em><\/strong><\/p><\/blockquote>\n

If you\u2019ve recently retired, your home may not fit your new lifestyle. The good news is, you\u2019ve likely built-up significant equity that can fuel your next move. According to the latest\u00a0Homeowner Equity Insights<\/em><\/a>\u00a0report from\u00a0CoreLogic<\/em>,\u00a0homeowners gained more than $50,000 in equity over the past 12 months alone.<\/strong>\u00a0That, plus today\u2019s sellers\u2019 market, presents a great\u00a0opportunity<\/a>\u00a0to sell your house and address your\u00a0evolving needs<\/a>.<\/p>\n

You Can Move Closer to the Ones You Love<\/strong><\/h4>\n

The\u00a02021 Home Buyers and Sellers Generational Trends<\/em><\/a>\u00a0report from the\u00a0National Association of Realtors<\/em>\u00a0(NAR) provides a look at the reasons people buy homes. For those reaching retirement age,\u00a0the<\/strong>\u00a0number one reason to buy is the opportunity to be closer to loved ones, friends, or relatives.<\/strong><\/p>\n

If you find yourself farther from your loved ones than you\u2019d like to be, retirement and the equity you\u2019ve built in your home may enable you to move closer to the people in your life who matter most.<\/p>\n

You Can Find the Right Home for Your Needs<\/strong><\/h4>\n

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,\u00a0says<\/a>\u00a0many homebuyers 55 and older choose to downsize \u2013 or buy a smaller home \u2013 when they make a purchase:<\/p>\n

\u201cClearly from the age patterns, young people want to upsize, and the older generation is looking to downsize. . . .\u201d<\/em><\/p><\/blockquote>\n

Whatever your home goals are, a trusted real estate advisor can help you to find the best option for your situation. They\u2019ll help you sell your current home and guide you as you\u00a0buy<\/a>\u00a0your next one while you move into this new phase of life.<\/p>\n

Bottom Line<\/strong><\/h3>\n

If you\u2019ve recently retired and your needs are changing, you\u2019re not alone. Let\u2019s connect so you can get a better sense of how to find a home that will match your situation.<\/p>\n

Contact us:<\/strong>
\nPHP Houses
\n142 W Lakeview Ave
\nUnit 1030
\nLake Mary, FL 32746
\nPh:\u00a0(407) 519-0719<\/span>
\nFax:\u00a0(407) 205-1951<\/span>
\nemail:\u00a0info@phphouses.com<\/p>\n

Let\u2019s Connect:<\/strong>
\nFacebook<\/a>
\nLinkedin<\/a>
\nTwitter<\/a>
\nInstagram<\/a><\/p>\n

The information contained, and the opinions expressed, in this article are not intended to be construed as investment advice. The author does not guarantee or warrant the accuracy or completeness of the information or opinions contained herein. Nothing herein should be construed as investment advice. You should always conduct your own research and due diligence and obtain professional advice before making any investment decision. The author will not be liable for any loss or damage caused by your reliance on the information or opinions contained herein.<\/em><\/h5>\n","protected":false},"excerpt":{"rendered":"

Recent data shows more people retired this year than anticipated. According to the\u00a0Schwartz Center for Economic Policy Analysis, 2021 saw a retirement\u00a0boom. Finish Reading Retirement May Be Changing What You Need in a Home<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[69],"tags":[38,15,427,10,91,86,49,234,42,104,233,20,48,258,47,19,251,17],"_links":{"self":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2216"}],"collection":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/comments?post=2216"}],"version-history":[{"count":1,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2216\/revisions"}],"predecessor-version":[{"id":2218,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/posts\/2216\/revisions\/2218"}],"wp:attachment":[{"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/media?parent=2216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/categories?post=2216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/phphouses.com\/blog\/wp-json\/wp\/v2\/tags?post=2216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}