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Real Estate Trends
Revisiting Reverse Mortgages
According to the latest U.S. Census, although the Northeast has the smallest
number of people aged 65 and over, the region is home to the highest percentage
of over-65 residents: just over 14 percent. Connecticut ranks among the top
five states in the nation with the largest percentage of the total population
aged 85 and older. That population grew 4.9 percent from 2000 to 2010, second
only to New Hampshire out of the New England states, which grew 6.5 percent.
Because of the large numbers of senior citizens in New England, the region is
quite a strong market for reverse mortgages, a type of loan structure that is
only available to senior homeowners 62 years and older.
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What's in the Forecast
Turn on the evening news, and you’ll get a good idea of the main topic on the minds of community association
professionals as calendars flip to a new year: It’s all about the money.
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Holiday Harmony
Holiday decorations are a bit like art—you know what you like when you see it. And our own sense of neighborliness and
desire to live in a friendly community, combined with our need to respect
freedom of expression, mean we must recognize each other’s rights when it comes to decorating for the holidays.
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Getting Wired
For many condo properties—even those of recent vintage—existing telecommunications infrastructure may fall woefully short of that found
in the average private home. But with the unique complications that arise when
updating a condominium development, how do managers and boards go about
bringing the latest services to demanding unit owners? Should condo dwellers be
left to their own devices when it comes to obtaining the latest TV and datacom
services? Or would top properties bundle such services with ever-increasing
condo fees? And, if so, which provider to choose?
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Catering to Man's Best Friend
Pet owners certainly love their dogs and consider them a part of the family.
With an estimated 40,000 dogs in the city of Boston alone, (as per
allstateanimalcontrol.com), it’s no wonder businesses and city dwellings are jumping on the dog-service
bandwagon.
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