The housing market is a perilous place right now, especially for people over 50. Prices in certain areas are out of reach for many seniors who want to relocate, yet rising mortgage rates are making it difficult for many homeowners to sell at their asking prices. In this episode, Terry, Pam and Richard weigh the pros and cons of selling or staying put, various mortgage options, moving into a retirement community, and renting.
For further research:
- Next Avenue, Rising Rents are Putting the Squeeze on Older Adults.