There seems to be a rule that if retirees move to a communal environment, it must consist only of other retirees. But some older adults are challenging that notion by choosing intergenerational cohousing, living side by side with people of all other ages, including singles, childless couples and families with children. Residents of cohousing make major decisions collectively, but these are not communes. Group meals and activities are optional, and members maintain separate residences.
“You have a choice between privacy and community,” said Charles Durrett, 57, an architect who has designed more than 50 cohousing communities, including the one where he lives in Nevada City, Calif. The community has 34 units, and out of around 100 residents, about 20 are age 55 to 95, he said.
March 14 (Bloomberg) -- John Burns, chief executive officer of John Burns Real Estate Consulting, talks about the outlook for the U.S. housing market. He speaks with Tom Keene and Sara Eisen on Bloomberg Television's "Surveillance." Richard Clarida, global strategic adviser at Pacific Investment Management Co., also speaks. (Source: Bloomberg)
WASHINGTON, DC — Purchasing a home is an important life decision, and many factors can influence the home choices buyers make.
The National Association of Realtors® 2013 Profile of Buyers' Home Feature Preferences examines the features buyers prefer when it comes to purchasing a home, as well as the differences in preferences when it comes to factors such as region, demographics and household composition. The survey captures buyers who purchased a home between 2010 and 2012.
"Deciding where to live comes with a lot of options, but buyers quickly realize that some features are more important than others when it comes to choosing the right house for them," said NAR President Gary Thomas, broker-owner of Evergreen Realty, in Villa Park, Calif. "Buyers need to have a clear idea of what features are important to them and know where they are willing to compromise; in this respect, Realtors® can bring buyers home. Realtors® visit hundreds of homes with buyers each year, and have a unique understanding of what buyers value in their local markets."
Join Twin Bridges Rotary and the Easter Bunny for a fun filled all you can eat breakfast and egg hunt at the Clifton Park Elks club on 3/30/13. More details to follow.