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OFFICIAL MAGAZINE OF THE NATIONAL ASSOCIATION OF REALTORS®
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FRONT LINES: Fast Takes The kids are gone. Does that mean it’s time for empty nesters to buy a less expensive home? No, say Countrywide Home Loans and the National Association of Home Builders in a study of the 50-plus homeownership market. Many homebuyers aged 50-plus aren’t downsizing to a less expensive house or apartment, says Jack Haynes, executive vice president at Countrywide in Plano, Texas. Instead, they’re buying more expensive, although not necessarily bigger, houses. To attract these buyers, builders are offering houses that come with yard service, high-speed Internet access, and universal accessibility design features. For more information on National Association of Home Builders, Countrywide senior homebuyer study, click here. FACTOID: Thirty-eight percent of people think property taxes are the least fair taxes they pay, compared with 21 percent who believe federal income taxes deserve that distinction, according to a Gallup poll conducted in early April. The last three times Gallup asked about tax fairness, between 1990 and 1994, property taxes and federal income taxes were virtually tied. Why the shift? The pollster notes that with the nation engaged in Iraq, people appear to be rallying around the flag. For more information on Gallup poll on tax fairness, click here. |
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