Tag: senior housing

  • Retirement Communities Today: Not Your Grandfather's Old Folks' Home

    Not Your Grandfather's Old Folks' Home

    "Coming to Heron Point is like getting a life insurance policy for your children," says a newly arrived resident of Heron Point, a continuing care retirement community. Continue Reading

  • 1st Gay-Friendly Public Housing to Rise in Philadelphia

    1st Gay-Friendly Public Housing to Rise in Philadelphia

    In what's being hailed as a first of its kind, a gay-friendly affordable-housing development financed entirely with public money is scheduled to rise in Philadelphia. Last week, the Pennsylvania Housing Finance Agency awarded $11 million in tax credits to the Dr. Magnus Hirschfeld Fund. The credits, combined... Continue Reading

  • Forget Senior Homes: 'Aging in Place' Gains Ground

    Forget Senior Homes: 'Aging in Place' Gains Ground

    VERONA, N.J. -- Retirement communities may have their perks, but Beryl O'Connor says it would be tough to match the birthday surprise she got in her own backyard when she turned 80 this year. She was tending her garden when two little girls from next door - "my buddies," she calls them - brought her a... Continue Reading

  • Open Houses of the Week: Golden Opportunities for Retirees

    Open Houses of the Week: Golden Opportunities for Retirees

    There's something about that "Open House" sign that acts like a magnet. Whether you're looking for a new place to live, keeping tabs on real estate in your neighborhood, or just angling for a sneak peek at someone else's private domain, the lure of an open door is strong indeed. This week we explore homes in... Continue Reading

  • Poll: Baby Boomers Willing But Unable to Move

    Poll: Baby Boomers Willing But Unable to Move

    WASHINGTON -- As baby boomers look ahead to retirement, they'd prefer a home that is affordable, accessible to medical care and close to family. But an Associated Press-LifeGoesStrong.com poll finds that amid a shaky economy, few think it's likely they'll move in retirement. Shelley Wernholm, a 47-year-old... Continue Reading

  • Will Baby Boomers Rock the Housing Market?

    Will Baby Boomers Rock the Housing Market?

    As first-time buyers struggle with higher hurdles at the bank, some experts are pinning their hopes on baby boomers to boost the flagging housing market. Roughly defined as the generation bookended by the close of World War II and the rise of the civil rights movement, baby boomers -- ages 47 to 65 -- are in a... Continue Reading

  • The 10 Most Rapidly Graying Cities

    The 10 Most Rapidly Graying Cities

    Just as the United States struggles to figure out the future of Social Security, there's a hard truth to face: Americans are only getting older. With the first of the generation recently turning 65, baby boomers across the country are changing the demographic makeup of cities and metropolitan areas across the... Continue Reading

  • Reverse Mortgage: What the AARP Suit Means for You

    Reverse Mortgage: What the AARP Suit Means for You

    Seniors who took reverse mortgages are being pushed into foreclosure by HUD, according to a lawsuit filed by the AARP. Are all seniors who took a reverse mortgage at risk? No, only those who decided to put only one spouse on the reverse mortgage. Why would a couple decide to leave a spouse off the reverse... Continue Reading

  • Housing Market: Architects Get Lean, Green and Senior

    Housing Market: Architects Get Lean, Green and Senior

    The real estate recession has cut architecture and design companies to the quick. There were 219,000 architects on firms' payrolls in 2008 as the housing market was cratering; last June, only 166,000 architects were employed full-time at firms across the nation, according to the Bureau of Labor Statistics.... Continue Reading

  • Reverse Mortgages: Seniors Now Expected to Pay Taxes and Insurance

    Reverse Mortgages: Seniors Now Expected to Pay Taxes and Insurance

    Do you or your parents have a reverse mortgage for which they don't pay the property taxes or insurance? While in the past, the FHA and Fannie Mae would patiently wait until the property owner died or moved to pay off any liens, that practice is about to end. Many seniors don't realize that they can lose their... Continue Reading

  • Will Senior Housing Sales Help Revive the Market?

    Will Senior Housing Sales Help Revive the Market?

    The burst of the housing bubble may have stalled the growth of 55-and-older communities, but as the market revives we should expect to see a mini-housing bump as more baby boomers retire. In any given year, about 12 percent of 55-and-older households change homes, according to a study done by the MetLife Mature... Continue Reading