Wayland Town Crier 5/8/11: Right time to sell? Seniors wait out the housing slump. The economic collapse didn't just hit laid-off Wall Street workers or families fighting foreclosure. The recent lean years have also struck those who were finally ready to cash out and put their feet up. Many seniors who were going to sell their homes and move on to senior housing communities instead saw real estate values plummet. Their decision to stay put, in hopes that the market would rebound, then caused another shift, this time among assisted and independent living residences.