Not All Older Homeowners Want to Downsize

It's a commonly held belief among real estate professionals that older homeowners typically sell their homes in order to downsize to smaller properties in more urban locations. A recent study, however, indicates that the majority of older homeowners who plan to move (65%) want their next home to be either the same size or larger than their current home. Additionally, a large majority (87%) of these homeowners prefer to move to a rural or suburban location. Nearly a quarter of respondents expressed a need for space to accommodate their own aging parents in their next home.

Buying a new home in metro Atlanta or anywhere else in Georgia? Home mortgage interest rates are still low! Contact Peachtree Mortgage Services, Inc. at 770.481.0052 or peachmtg@bellsouth.net.


* Specific loan program availability and requirements may vary. Please get in touch with your mortgage advisor for more information.