Tuesday, September 9, 2014
Homebuyers Age 55+ Make Move As House Values Rise Read More At Investor's Business Daily: http://news.investors.com/business-inside-real-estate/082814-715195-older-homebuyers-make-move-as-house-values-rise.htm#ixzz3Cr8CXetV Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
See Link for FULL article: Homebuyers Age 55+ Make Move As House Values Rise
Read More At Investor's Business Daily: http://news.investors.com/business-inside-real-estate/082814-715195-older-homebuyers-make-move-as-house-values-rise.htm#ixzz3Cr8CXetV
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
The younger crowd may be skittish about moving into the housing market due to sparse financial resources and lack of credit.
But it's a different story for Americans age 55 and over. Those who can are jumping into homebuying — selling their existing houses to move into new ones aimed at their age group. Many are at or near retirement, while others are seeking a change in lifestyle — and at this age they can have financial flexibility.
Some have reaped hefty gains from the stock market, adding to a nest egg saved over the years. Rising home values in the housing recovery have also given more of them the ability to finally sell, at an appreciated price or at least one that can cover the mortgage.
Read More At Investor's Business Daily: http://news.investors.com/business-inside-real-estate/082814-715195-older-homebuyers-make-move-as-house-values-rise.htm#ixzz3Cr8JF3Nx
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook
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