Princeton Town Topics – Let’s Talk Real Estate – June 29, 2013
WHEN THE NEST IS EMPTY
The day has come when your last child has flown the coop. Suddenly, your 4 bedroom home feels cavernous and the thought of cleaning all that space and maintaining the yard just seems too much. Could it be time for a change?
If you are thinking about moving to a home that better reflects your new life, you are not alone. 77 million Americans, born between 1946 and 1964 are going through a similar change and are redefining how they want to live.
If you are considering moving to a smaller home with less maintenance requirements, your timing is perfect. According to the National Association of Realtors, their latest Housing Affordability Index rose to an all time high of 205.9. That means that an average family can afford a home worth 205.9% more than the median home price.
With low interest rates and record high affordability, you can move to a luxurious, maintenance-free home that is full of all the amenities that will support your new lifestyle.
