While the nation emerges from the pandemic and COVID cases are on the decline, the housing market is growing rapidly, outpacing inventory in many areas of the country.
According to an article by U.S. News & World Report, interest rates are expected to remain relatively low this summer and the market will be in favor of seller’s, meaning there are not enough homes available to match the number of active buyers. According to the report, experts say sellers will have the “upper hand” throughout the summer of 2021 and home prices are expected to climb. In February, the National Association of Realtors reported the national median home price was 15.8% higher than the prior year, a positive for those choosing to sell.
After a winter of isolation throughout the U.S., it is no surprise as restrictions lesson and cases decline, individuals are looking for a change of scenery, especially the ten thousand baby boomers who cross the retirement threshold every day.
Over the past year, senior living communities perfected the art of providing safe alternatives to those who want to live life in community. United Church Homes independent and assisted living communities perfected the art of safe socialization, maintaining strict infection control and sanitation standards, and providing meaningful ways for residents to interact and participate in engaging life enrichment programs. Now that many residents and staff are fully vaccinated, residents are once again visiting with family and friends, and UCH communities are starting to plan social events for the summer season.
When you become a resident of a senior living community, you trade everyday duties like home maintenance, housekeeping, and security for care-free living. If you’ve been thinking about downsizing and selling a home to enjoy a different retirement lifestyle, the time couldn’t be better.
Homeowners are getting top dollar and move-in incentives for senior living communities are very attractive right now.