(850) 473-3983

Facebook icon Instagram icon Twitter icon YouTube icon

Pensacola Realty Masters Blog

Realty Masters is happy to present the following Pensacola area community and Pensacola real estate information! 

Baby boomers chart new direction in housing
05-09-2019
Realty Masters
Baby Boomers
09-10-2019

originally posted 08-24-2016

Since we are not all psychic, there is no way to predict the future of the real estate/housing market.   The “Baby Boomer” generation is a great indicator of financial trends, as their spending habits have been researched quite heavily over the years.  Americans over the age of 55 are veering from previous generations, opting not to retire, but instead launching 2nd or even 3rd careers.  They are shunning the traditional patterns of retirement, and that could have a big impact on their housing choices, thereby affecting the entire housing market.

Baby boomers are defined as “Americans born during the demographic post–World War II baby boom, approximately between the years 1946 and 1964.” They make up 1/4 of the population of the US and control about 2/3 of the single-family home equity in the nation!  See why they are so important? Sixty-five-year olds who, on average purchased a home 35 years ago now tend to have a home value that is likely 3.7 times the purchase price.

Nearly 1/4 of baby boomers recently surveyed by Freddie Mac say they need major renovations in their current home in order to stay there as they age – and many say they face financial constraints to take on those remodels.  The financial costs of outfitting their home with age-in-place features average $25,000-$50, 000.  

As a result, about 18 million homeowners over the age of 55 may be shopping for another house in the next few years, according to the Insights Report.  Unlike earlier generations, however, baby boomers' main reasons to move aren't due to downsizing.  Instead, the survey showed the key influences making these generations move are: affordability of the community, the need for retirement amenities and a home with less maintenance.

Bottom line, the 55-plus population is likely to be an active part of the housing economy for years to come, and that is a great thing!  If you are reading this and you or anyone else you know is ready, willing and able to purchase a new home/condo in the Pensacola area, please feel free to call/text or email me and I will be more than happy to assist you through the process.  

Make it a great day!

 

 

The cost of renting vs. owning your home
05-09-2019
Nicole St. Aubin
Buying A Home
07-16-2019

originally posted 07-14-2016

A new article was released by GOBankingRates that compares the cost of renting to owning in all fifty states across the country. 

According to the data provided by Zumper, GOBankingRates determined that the cost of renting is approximately $398 more expensive than the cost of homeownership across the state of Florida! 

You can read the full article to see how each state compares. Renting is the more affordable option in 42 out of the 50 states! 

We are seeing shrinking inventory in the Pensacola real estate market which is driving up both rental rates and real estate sales prices. Mortgage rates are still at historic lows making it more affordable to own your home than ever.

If you have been considering making the leap from renter to homeowner and purchasing a house in the Pensacola, Florid aarea, contact our office to find out your options! 

Search Pensacola area homes for sale here 

7 reasons you should buy a home now

Nicole St. Aubin, Realtor (850) 473-3983 office

Nicoles@PensacolaRealtyMasters.com  


  • Free Credit Reports
  • Mortgage Forbearance
  • Grocery Delivery
  • jobs in Pensacola
  • Real Estate Investments
  • Navy Federal Credit Union
  • renters insurance
  • legislation
  • rental scams
  • Opportunity Zones and Capital Gains Taxes
  • Maintenance Expenses
  • October Community Events
  • HOA Management
  • Renters Insurance
  • Hurricane Insurance
  • Landlords
  • Community
  • Mailbox Key
  • Wear & Tear Versus Damage
  • Pest Control
  • Moving Resources
  • Blue Angels
  • Rents in Downtown Pensacola
  • Rent Assistance
  • Listing your Home for Sale and/or Rent
  • New Year's Resolutions
  • Hurricane Michael
  • Smoke Detectors
  • Key Safety
  • Downsizing
  • Holiday Events
  • Septic Tanks
  • Gulf Power Outage Map
  • Moving Tips
  • Burning Outdoors
  • Lawn care
  • Multi-family
  • Fall Events
  • #spotthebear
  • Safety
  • HOA
  • School Grades
  • Bulk Item Pick Up
  • Housing Scams
  • Subleasing
  • Steps for First Time Home Buyers
  • 20 Year Anniversary
  • HVAC
  • House Hunting Tips
  • Real Estate Market
  • Seminars and Personal Assistant
  • Rent or Sell
  • Pensacola area Zip Codes
  • Build Credit
  • New Construction in Pensacola
  • Energy Tips
  • How to Find HOA Rules
  • Preparing for Freeze
  • Holiday Safety Guide
  • Maintenance Do's and Dont's
  • Home Warranties
  • Credit Score
  • Roads
  • Unapproved Dog List
  • Maintenance Tips
  • Pensacola Rental Inventory
  • Home Buying
  • Tenants
  • Pensacola Rental Homes
  • Beulah Middle School Construction
  • Safety Tips
  • Things to Do
  • Realty Masters Team
  • Item Donations
  • Pensacola Rental homes
  • NARPM
  • Bed Bugs
  • Moving out
  • Community Involvement
  • Managing Rental Properties
  • rental market
  • Pensacola Real Estate Market
  • Baby Boomers
  • Buying A Home
  • Waterfront real estate
  • New Construction
  • Closing Costs in Real Estate Sales
  • Senior Housing Communities
  • first time home buyers
  • Selling your home
  • Buying a Home
  • Free Credit Reports Weekly through April 2021
  • Mortgage Forbearance & COVID-19
  • Pensacola Grocery Pick Up and Delivery
  • Major Employers in Pensacola and Jobs in Pensacola
  • Pam Keen on the Rental Income Podcast
  • Nicole St. Aubin Benavente
  • Celia Kafka
  • Aramis Washington
  • Erica Parker
  • MacKenzie Rathbun
  • Pam Keen Brantley
  • Nicole St. Aubin
  • Rebekah Perkins
  • Michael Longsdon
  • Julie Benson
  • Jay Schwartz
  • Chuntell Patterson
  • Carlin Symmes
  • Realty Masters
  • David Keen
  • Mitch Adcox
  • Rick Puckett
  • Sheri Harris