The Best Cities for Boomers To Retire

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The Best Cities for Boomers To Retire in Luxury link

• Luxury retirement markets are still active despite economic challenges, with 15,000 more luxury homes for sale in January 2025 than the previous year. These homes are selling about two days slower on average.

• Anna Maria, FL, saw a 61% increase in $1 million-plus listings, despite being hit by Hurricane Milton in 2024. The area is rebuilding, and its beaches have reopened.

• Pleasanton, CA, had an 85.5% jump in $1 million-plus listings, while Isle of Palms, SC, saw a 77.3% increase. Other notable markets include Jackson, WY (62.6%), Avon, CO (60.7%), and Jamestown, RI (54.1%).

• click on the link to see the rest of list.

Government downsizings create challenges for senior housing link 

• Senior housing is struggling with staffing and funding due to federal agency cuts and restructuring. The Trump administration's push to freeze funding and eliminate jobs has made planning unpredictable.

• The Department of Housing and Urban Development (HUD) may lose up to 50% of its workforce, with legal staff cuts already slowing financing approvals. Lenders are facing delays as key agency contacts become unreachable.

• The number of Americans over 80 is expected to rise by 50% in the next decade, increasing demand for senior housing. If deals stall due to government instability, the industry may fall behind in meeting future needs.

Fannie Mae raises 2025 mortgage rate forecast amid inflation concerns link

• Fannie Mae now expects mortgage rates to end 2025 at 6.6% and 2026 at 6.5%, citing persistent inflation risks and trade policy shifts. The forecast suggests rates will stay volatile, influenced by economic data and government policies.

• The "lock-in effect" is likely to continue, as homeowners with low-rate mortgages hold off on selling, worsening affordability and slowing home sales. If mortgage rates drop, affordability could improve, boosting housing activity.

• The ESR Group raised its 2025 CPI forecast from 2.5% to 2.8% due to higher-than-expected price increases. A new 10% tariff on Chinese imports is expected to slightly hurt economic growth and add to inflation pressures.

Median Age of Homebuyers: 56 link

• The median age of homebuyers has surged to 56 years old in 2024, up from 45 in 2021, due to rising home prices and high mortgage rates. This marks the highest median age on record.

• In 1981, the median age was just 31 years old, showing a significant long-term shift in the housing market. Higher costs have made it harder for younger buyers to enter the market.

• The trend suggests homeownership is increasingly delayed, likely due to affordability issues and tighter financial conditions. Mortgage rates remain a major barrier for first-time buyers.

• JustMoveIn, a home setup service, raised an $8M A round led by Eos.

• HouseWhisper, an AI assistant for agents, raised Seed round la $6.7Med by PSL.

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Vidit

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