Myths about downsizing
From Times wire services
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.
