RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
  • Agents
  • Brokers
  • Teams
  • Marketing
  • Coaching
  • Technology
  • More
    • Headliners New
    • Luxury
    • Best Practices
    • Consumer
    • National
    • Our Editors
Join Premier
Sign In
RISMedia
  • News
  • Premier
  • Reports
  • Events
  • Power Broker
  • Newsmakers
  • More
    • Publications
    • Education
No Result
View All Result
RISMedia
No Result
View All Result

55+ Housing Market Confidence Is Breaking Records

Home Consumer
By John Voket
December 15, 2013
Reading Time: 2 mins read

senior_couple_new_home_modelThe nationwide financial and economic challenges in recent years have upended millions of consumers’ retirement plans, and dreams of transitioning into a new or smaller dwellings to age in place.

So the recent news from the National Association of Home Builders was well received. Builder confidence in the 55+ housing market continued to show improvement in the third quarter of 2013, representing the highest third-quarter number since the inception of the NAHB’s 55+ Housing Market Index (HMI).

The report indicated that all segments, from single-family homes, to condominiums and multi-family rentals, registered strong increases. While this news is targeted at builders, the confidence factor bodes well for a jump start to 55+ housing developments and planned communities across the country.

Robert Karen, chairman of NAHB’s 50+ Housing Council and managing member of the Symphony Development Group said NAHB members are seeing steady improvement in the 55+ housing sector as buyers and renters are attracted to new homes and communities that offer the lifestyle they desire.

NAHB Chief Economist David Crowe added that like in other segments of the industry, the 55+ market is improving in part because consumers are more likely to be able to sell their current homes, which allows them to buy a new home or move into an apartment that suits their specific needs.

In related news, the NAHB’s, “What Home Buyers Really Want” study recently surveyed home buyers asking them to choose three top characteristics from a top-10 list that would most best suits their home purchase decision.

For 65 percent, “living space and number of rooms to meet your needs” ranks as the most influential characteristic, followed at a distance by “energy-efficient features” at 39 percent.

The study also concluded that 83 percent of homebuyers believe contractors with specialized designations are “more professional and credible;” 78 percent believe they “provide better quality work and craftsmanship;” and three out of four say they “provide better service levels” and are “more reliable.” Finally, the survey found 64 percent of buyers agree specialized contractors are “worth paying a higher price for.”

Looking to advance your education this month? See what monthly specials RealtorU has available in December.

ShareTweetShare

John Voket

John Voket is a contributing editor for RISMedia.

Related Posts

Housing Affordability Worsens in Q3 2023
Industry News

Housing Affordability Worsens in Q3 2023

September 29, 2023
The October Issue of Real Estate Magazine Is Now Live
Agents

The October Issue of Real Estate Magazine Is Now Live

September 29, 2023
Family-Owned Long Island Brokerage Joins Century 21
Industry News

Family-Owned Long Island Brokerage Joins Century 21

September 29, 2023
Florida Firm Joins RE/MAX
Industry News

Florida Firm Joins RE/MAX

September 29, 2023
Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case
Agents

Mortgage Mix: Government Shutdown Looms; DOJ Wins Redlining Case

September 29, 2023
Op-Ed: The Civic Duties of the Real Estate Professional
Agents

Op-Ed: The Civic Duties of the Real Estate Professional

September 29, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Tip of the Day

How Smart Devices Can Help Manage a Home’s Energy Use

Sustainability isn’t just a moral imperative. It’s good business, too. Read more.

Business Tip of the Day provided by

Recent Posts

  • Housing Affordability Worsens in Q3 2023
  • The October Issue of Real Estate Magazine Is Now Live
  • Family-Owned Long Island Brokerage Joins Century 21

Categories

  • Spotlights
  • Best Practices
  • Advice
  • Marketing
  • Technology
  • Social Media

The Most Important Real Estate News & Events

Click below to receive the latest real estate news and events directly to your inbox.

Sign Up
By signing up, you agree to our TOS and Privacy Policy.

About Blog Our Products Our Team Contact Advertise/Sponsor Media Kit Email Whitelist Terms & Policies ACE Marketing Technologies LLC

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.

No Result
View All Result
  • Home
  • Premier
  • Reports
  • News
    • Agents
    • Brokers
    • Teams
    • Consumer
    • Marketing
    • Coaching
    • Technology
    • Headliners New
    • Luxury
    • Best Practices
    • National
    • Our Editors
  • Publications
    • Real Estate Magazine
    • Past Issues
    • Custom Covers
  • Events
    • Upcoming Events
    • Podcasts
    • Event Coverage
  • Education
    • Get Licensed
    • REALTOR® Courses
    • Continuing Education
    • Luxury Designation
    • Real Estate Tools
  • Newsmakers
    • 2023 Newsmakers
    • 2022 Newsmakers
    • 2021 Newsmakers
    • 2020 Newsmakers
    • 2019 Newsmakers
  • Power Broker
    • 2023 Power Broker
    • 2022 Power Broker
    • 2021 Power Broker
    • 2020 Power Broker
    • 2019 Power Broker
  • Join Premier
  • Sign In

© 2023 RISMedia. All Rights Reserved. Design by Real Estate Webmasters.