"When Barbara White decided it was time to sell her four-bedroom house and downsize, it helped that she had 40 years of experience as a real estate agent to inform her search. Still, it wasn't easy to find her next home. After selling her property on Amelia Island in North Florida in July 2024 for nearly $500,000, she moved into a rental for six months while continuing to look for a smaller place closer to her two sons."
"Over the last decade, there's been an explosion in demand for age-restricted "active adult" or independent living, particularly in the Sunbelt. Perhaps the country's most famous retirement community, The Villages, has become one of Florida's fastest-growing metro areas. As Americans live longer, healthier lives, they want to retire in "aspirational" places that focus more on activities, hobbies, and community than healthcare, said Bob Kramer, founder of the National Investment Center for Seniors Housing and Care (NIC)."
Barbara White, 72, sold her four-bedroom home on Amelia Island in July 2024 for nearly $500,000, rented for six months, and bought a newly built two-bedroom, 1,300-square-foot house in a 55+ community in Brevard County for just under its $250,000 list price, paid in cash. She values the community amenities, easier socializing with peers, proximity to her sons, and greater freedom to travel. Demand for age-restricted 'active adult' independent living has surged, especially in the Sunbelt, with large developments becoming major metro growth areas. Experts link the trend to longer, healthier lives and desire for activity-focused retirement lifestyles.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]