Is a Smaller Home Your Best Option?
Posted by Larry Tollen on
In this Blog we report on the housing options facing one of the largest segments of the population about to retire, the baby boomer generation. Traditionally, there have been two, rather limited, options: move in with extended family or downsize and then move to a facility for aging in place. The Triangle area offers excellent access to healthcare, the climate is moderate, and many generations enjoy the lifestyle here, making it one of the places that multiple generations are calling home. But, when to make the choice to move smaller or move to a facility, is by no means an easy one.
According to Jessica Lautz, Deputy Chief Economist and Vice President of Research at the National Association of Realtors (NAR) "As we see the transition of the…
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