According to a report from Construction Coverage, Massachusetts ranks poorly for older home buyers, with only 17.5% aged 55+ making purchases in the state.
Maine, with nearly 26% of purchases by 55+ buyers, surprisingly lands eighth in attractiveness, challenging the trend of warmer states dominating retirement purchases.
Michael Stromberg notes that traditional industries in Maine attract older buyers but lack opportunities in modern sectors, pushing younger generations elsewhere. This impacts older buyers too.
The report indicates that states like Florida and Arizona draw older home buyers due to better retirement conditions, unlike the colder Midwest and Northeast regions.
Collection
[
|
...
]