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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.

Filed Under: Home Ownership Tagged With: Retirement

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"Great Experience! We purchased a home in Quail Creek last May – while living in Illinois. Russ was super communicative on every topic / question we had, efficient with the transaction overall and really knowledgeable about the community. Highly recommend!"
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"Russ was perhaps the best Realtor I’ve ever had the privilege to work with. Always accommodating and very responsive … he guided me thru a maze of unusual issues selling my home and we closed right on time at the price I hoped for. I wouldn’t even consider anyone else if I had a home to sell, and I would urge you not to pick a realtor without at least meeting with Russ first."
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"Our situation was complex and Mr. Fortuno’s knowledge and experience made for a seamless transition. The timing of our sale was paramount and it happened as planned. His knowledge of the market was of upmost importance. Our home was priced accordingly and sold immediately. Additionally, Mr. Fortuno was available for our questions with prompt replies, often considerations or options. Our experience was “top notch” and we highly recommend him."
- Pat N., Quail Creek
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Russ Fortuno, Associate Broker

I'm a Southern Arizona native and Quail Creek resident. Whether you’re buying or selling a home in Quail Creek, 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
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This site is not affiliated with Robson Communities or the Quail Creek Country Club Property Owners Association.
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