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You are here: Home / Blog / Home Ownership

Retirement may be changing what you need in a home

November 27, 2021

Retirement may be changing what you need in a home

The past year and a half brought about significant life changes for many of us. For some, it meant entering retirement earlier than expected. Recent data shows more people retired this year than anticipated. According to the Schwartz Center for Economic Policy Analysis, 2021 saw a retirement boom:

“At least 1.7 million more older workers than expected retired due to the pandemic recession.”

If you’ve recently retired, your home may not fit your new lifestyle. The good news is, you’ve likely built-up significant equity that can fuel your next move. According to the latest Homeowner Equity Insights report from CoreLogic, homeowners gained more than $50,000 in equity over the past 12 months alone. That, plus today’s sellers’ market, presents a great opportunity to sell your house and address your evolving needs.

You can move closer to the ones you love

The 2021 Home Buyers and Sellers Generational Trends report from the National Association of Realtors (NAR) provides a look at the reasons people buy homes. For those reaching retirement age, the number one reason to buy is the opportunity to be closer to loved ones, friends, or relatives.

If you find yourself farther from your loved ones than you’d like to be, retirement and the equity you’ve built in your home may enable you to move closer to the people in your life who matter most.

You can find the right home for your needs

Not only can your equity power a move to a new location, but it can also help you purchase the right size home. Lawrence Yun, Chief Economist at NAR, says many homebuyers 55 and older choose to downsize – or buy a smaller home – when they make a purchase:

“Clearly from the age patterns, young people want to upsize, and the older generation is looking to downsize. . . .”

Whatever your home goals are, I can help you to find the best option for your situation. I’ll help you sell your current home and guide you as you buy your next one while you move into this new phase of life.

Bottom Line: If you’ve recently retired and your needs are changing, you’re not alone. Let’s connect so you can get a better sense of how to find a home that will match your situation.

Filed Under: Home Ownership Tagged With: Retirement

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"A+ service! We listed our house to sell in Sahuarita with Russ. This was a long distance sale as we were out of state when we listed. Most everything was done over the phone and with online e-signing. Russ answered all questions very quickly and followed up with details and items that were needed for the seller at closing. A+ service!"
- D.C., Sahuarita AZ
"Russ was always very responsive and returned calls in timely manner. Was extremely Calm and rational when going gets jiggy. Keeps any drama from becoming dramatic. His experience in executive management is an asset when dealing with the variety of challenges related to closing the sale. I Highly recommend him to handle complicated transactions. "
- M.L., Tucson AZ
"My husband and I are honored to recommend Russ Fortuno as the most efficient and professional real estate professional we have had. We feel very blessed to have found Russ while we were still in North Carolina. We planned to relocate to Green Valley, AZ and were interested in establishing a rapport and receiving listings prior to moving cross-country. By the time we arrived Russ pretty much knew what we were looking for. Even though the inventory was not terribly plentiful at the time we found our home the very first day we went looking!!! In addition to helping us find the perfect home, Russ was wonderful to refer us to local contractors and professionals in our area. He is a wealth of information and took the time to answer any questions we had. We also felt the step-by-step timeline Russ includes in his service was very helpful."
- M.P., Green Valley, AZ
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and year-round Green Valley resident. Whether you’re buying or selling a home in the Green Valley or Sahuarita area, you’ll experience unsurpassed service and professionalism at all stages of your real estate transaction. I welcome the opportunity to assist in your next home sale or purchase.
Meet Russ

Tierra Antigua Realty

18745 S. I-19 Frontage Rd., Ste. A105
Green Valley, AZ 85614
(520) 333-0446
Contact Russ

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