There’s been no better time to make a move to senior living. With a seller’s housing market, home values at an all-time high, and rising inflation rates, many seniors are choosing to move to The Woodlake senior living now. Learn more about taking advantage of the competitive housing market to save money and set your retirement up for success.
Deciding it’s time to move to senior living is a personal decision with significant implications. However, today’s economy makes that decision easier for some seniors looking to make and save money in retirement.
1. Home values are at an all-time high
In the past five years, the Sacramento area has seen a 14.1% increase in home prices, and in the spring of 2021, home prices were up 18.5% nationwide. There’s never been a better time to sell your home quickly and profitably.
2. Housing inventory is low
While experts report that the housing market will stabilize in 2022, there is still a low housing inventory, and buyers are eager to sell. This competitive market means buyers are more willing to pay over the asking price, supplement their offers with appraisal gaps, and even pay cash.
3. Interest rates are expected to rise in 2022
The Federal Reserve is expected to increase interest rates several times in 2022. Now is the time to move to senior living before increased interest rates cool the housing market.
4. Moving to senior living can help you avoid rising interest rates
Inflation is rising at unprecedented rates. At nearly 8%, a 40-year high, home maintenance costs, food, and transportation costs are more expensive than ever. Moving to senior living may help shelter seniors from these rising rates since rents are mostly all-inclusive and typically capped at 6% annually.
5. Timing is everything
Spring is the best time to prepare your home for listing. Take this time to right-size your move to senior living, find the right community for you, and set your retirement up for financial success!
The Woodlake senior living in Sacramento, CA, now accepts new residents. We offer independent living, assisted living, and memory care options that encourage seniors to live with a whole lotta heart. Contact us today to schedule your tour!
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