Myths about downsizing
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It is often assumed that the typical aging homeowner is looking to move to an active adult community and downsize, but the results of a recent ERA Real Estate survey of 1,500 people 50 and older revealed changing attitudes about real estate.
* Only 8% of those considering a move in the next five years indicated that they might consider an active adult community.
* More than 61% would consider purchasing a single-family home.
* The average senior lives in a house with three or more bedrooms and two or more baths.
* Only 11% felt their current home was too big.
* 25% of respondents thought their homes were too small.
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