Buying a Retirement Home

According to a recent issue of Smart Money, “The National Association of Realtor’s Housing Affordability Index, which looks at home prices and interest rates to determine how cost-friendly homes are, shows that 2010 was the best year on record to buy a home since the NAR began compiling data in 1970. And 2011 is projected to be the third most affordable year. In many retirement hotspots, this is particularly true.” It’s not the best time for everyone, since would-be buyers are also would-be sellers, but if you’ve got no mortgage or only a small one on your primary home and…

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