Today, many suburbs are even more attractive to people with kids — or at least more affordable — because that’s where home prices fell hardest during the housing crash.
With drastically different views of transportation from those of the generations that came before them, millennials are transforming communities and the developments that shape them. The still-unanswered question is whether that’s a short-term or a permanent transformation.
Without accessible and safe travel options, seniors face isolation and a reduced quality of life. Moreover, seniors who can’t drive make fewer trips to their doctors and to see friends and family than their motoring counterparts.
“Aging in place” has come to denote the desire of most older Americans to remain living independently in the homes and neighborhoods where they have social ties for as long as they can. Supporting this desire requires much more than merely supplying in-home nursing care.
The cohousing model is a type of residential development designed to emphasize community interaction while still retaining a certain level of individual privacy. Different from a condominium, cohousing is self-managed.
Boomers, who have been turning 65 since Jan. 1, 2011, are America’s second largest generation in terms of numbers. Never before has there been as diverse or as many potential options for active retiring adults.
As has been well documented, the housing and community choices being made by two major demographic groups — the just-starting-to-retire Baby Boomers, and the up-and-coming Millennials, who are now 14 to 32 years old — will be driving consumer demand in the upcoming decades.
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On July 26, 2012, NAR President Moe Veissi submitted comments to the Federal Housing Finance Agency (FHFA, the conservator of Fannie Mae and Freddie Mac , the GSEs) on the proposed GSE affordable housing goals for 2012-2014.