New Home Finder

05.14.22_SaturdayHomes

Issue link: https://www.ifoldsflip.com/i/1467816

Contents of this Issue

Navigation

Page 2 of 7

55+ communities enjoy booming interest By Marilyn Kennedy Melia CTW FEATURES Baby boomers are now senior citizens, with the older edge in their 70s. But "they see them- selves as younger," says Deborah Blake, principal of consulting firm Ipsum Group. That mindset, along with the sheer numbers of boomers, is driving an uptick in 55+ ac- tive adult communities. While 55 is the adver- tised age minimum, new entrants to these com- munities are usually in their 60s or 70s. Although frequently located in the Sun Belt, 55+ communities are also in the Midwest and Northeast, reflecting the priorities of boomers, who "live there for the lifestyle but also want to be near where their grandkids live," says Les- ley Deutch of John Burns Real Estate Consulting. Offerings will in- crease, predicts Blake, because "there isn't a builder who isn't figur- ing out how to deliver what boomers want." Here's an overall look at some of the current trends: Activities and so- cialization are the draw: Classes and group activities are staple offerings, but some communities emphasize nature and wellness, among other niches. Since the See 55 PLUS Pg 8 SATURDAY, MAY 14, 2022 Homes | Advertising Section 001 BAY AREA NEWS GROUP H3

Articles in this issue

Archives of this issue

view archives of New Home Finder - 05.14.22_SaturdayHomes