As more and more baby boomers find themselves nearing retirement, many of these empty nesters consider downsizing into something more manageable. Moving out of the family home can seem like a very overwhelming prospect. And, once you do tackle the sale, where do you go from there? What are the options for senior living?
Younger people are flocking to cities in the Northeast – but it’s not enough to offset retirees and those in search of lower taxes. Americans paid nearly $300 billion in property taxes in 2016 – but as with everything in real estate, it’s all about location. Yet those taxes don’t just tell a story about local and regional housing markets – they also show how the country is changing.