Retirees are living longer and it seems to be a revelation for Financial Planners as they scramble to help their clients. Stretching those retirement dollars has become less of a challenge when planners use their clients home equity to provide lifetime income. I have a perfect illustration that planners can use to make it work in a very conservative plan.
Home prices are continuing to climb in the Bay Area and areas like Castro Valley, Fremont, San Leandro, Hayward, Oakland and Berkeley are seeing 15 – 25 offers on all home sales.
This means that supply and demand are taking prices back to where they were in 2008. Maybe not there yet but some homeowners who are waiting in the wings for improved prices may soon be motivated to sell.
Check out my website http://www.martyappel.com and let me know if you want some information.