Epcon Communities Has Options for Downsizing Baby Boomers

On August 17, Epcon Communities CEO Phil Fankhauser appeared on the Fox Business Network to discuss the emerging trend of baby boomers downsizing their homes. As co-founder of the Ohio-based builder with homebuilding franchises in major U.S. cities including Atlanta, Fankhauser has a unique perspective on housing trends, specifically those involving new home communities and their specialized demographics.

The CEO told the FBN host that Epcon is observing the effects of a trend known as “double downsizing” in the generation born during 1946-1964, which is now approaching the retirement age. “By double downsizing, we mean that the events of the past one to two years in our economy have impacted their decisions for buying a new home in their retirement era; and, modifying the original plans to even smaller than they had anticipated.”

But Epcon, whose 55+ community South Oaks at Cascade, is not making plans based on this trend’s forecasted permanence. “We’ve begun to see a change, which began in June, continued in July, and even into August. We believe that boomers are seeing the improvement in the market.” Said improvement may alleviate any concerns senior buyers feel regarding substantial retirement property investment, Fankhauser implied.

Fortunately, South Oaks at Cascade, which is comprised of 2-3 bedrooms/2 bath homes ranging 1,724 – 1,890 square feet and priced from the low $200,000’s, has an inventory of senior community homes for sale in Atlanta. For more information on these beautiful, practical baby boomer retirement options, please call the sales office at (800) 736-5240.