Tyler, Texas, Nov. 10, 2014 (GLOBE NEWSWIRE) -- SearchCore, Inc. (OTCQB: SRER) a manufactured housing retail center owner and operator that operates its retail centers through its wholly owned subsidiary Wisdom Homes Of America, Inc., announces the expansion of its marketing programs to address the lack of affordable housing among the baby boom generation.
The Baby Boomer generation has started retiring, which has begun an era of unprecedented retirement numbers in the U.S. According to BusinessInsider.com since 2007, 5.5 million people in the U.S. have retired and that number is growing by the day. The trend of high retirement numbers is expected to continue for the next 19 years. According to "Baby Boomers Retire" by the Pew Research Center, it's estimated that approximately 10,000 baby boomers will reach retirement age every day for the next 19 years. And that 26% of the US population, or approximately 76 million people, are considered baby boomers. Also reported is the fact that a significant portion of the baby boomers are postponing their retirement. According to BusinessInsider.com financial concerns in the wake of the recession is one of the main reasons for delaying retirement.
Jim Pakulis, CEO Of Wisdom Homes Of America, states, "High retiree numbers create a higher demand for alternative housing in areas such as Texas. Cash-rich boomers are purchasing more second homes and empty-nesters-those whose children have left home-are downsizing and buying smaller homes. And boomers on a budget are beginning to find purchasing a manufactured home as an excellent alternative due to is affordability, quality and aesthetics. Whether retirees are looking to buy a less expensive home for their retirement or a second home to invest in, Wisdom Homes of America plans on being one of the solutions to the lack of alternative housing options available for retirees."
About SearchCore, Inc.
SearchCore, Inc., founded in 2010, is a manufactured housing retail center owner and operator. The company is headquartered in Tyler, Texas. The Company's common stock trades on the OTCQB, under the ticker symbol "SRER."
Safe Harbor Notice
Certain statements contained herein are "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995). SearchCore, Inc. cautions that statements made in this news release constitute forward-looking statements and makes no guarantee of future performance. Forward-looking statements are based on estimates and opinions of management at the time statements are made. These statements may address issues that involve significant risks, uncertainties, estimates and assumptions made by management. Actual results could differ materially from current projections or implied results. SearchCore, Inc. undertakes no obligation to revise these statements following the date of this news release.