Want to know what we think are going to be senior housing trends in 2009? We looked into the magic, crystal ball and here is a preview of 10 topics and issues that may be hot in 2009….we will be addressing these further over the next month or so:
1. When will housing prices find a bottom and how long can seniors wait to sell their homes before migrating to other senior housing options: Without some kind of drastic government intervention, look for this issue to drag at least for the first six to nine months of 2009.
2. Reverse mortgages for home purchases. Effective January 2009 a reverse mortgage product that allows seniors to simultaneously purchase a home and obtain a reverse mortgage will be announced. Look for lenders to implement later in the spring and for real estate agents to use this as a means to get seniors to downsize their living spaces.
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