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April 2018

Found 1 blog entry for April 2018.

Retirees have been a player in the local economy for decades, but the breed of retiree has shifted over the course of the years. Sure, there’s always that snowbird looking to avoid harsh winters, but California has now overtaken the conversation as the largest feeder market for the Silver State. Simple real estate economics are driving this trend.

“I had a client from Newport Beach who said a beautiful $750,000 home here would be $2.2 million in Newport, and it wouldn’t even be on the water front,” said Ray Glasser, a real estate agent with Summit Properties who specializes in working with retirees.

With the influx of California retirees and others, homebuilders are taking note. With three age-qualified communities currently selling new units and a

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