GRAND RAPIDS, Mich. (WOOD) – If you, or someone in your family is looking for a senior community, now might be the perfect time to make that move. When looking at the current housing market in West Michigan, we are seeing lots of changes happening quickly. But it seems that even though the market is trending down, especially as mortgage rates are increasing.
Though mortgage rates do not directly affect those moving into senior living since they aren’t purchasing a home there is a trickle-down effect that occurs. We typically see that seniors coming into our communities are moving from condos and generally the clientele purchasing condos are cash buyers. The trickle-down effect from the mortgage rates typically occurs with the sale of the condo buyer’s home.
Today we have David Miedema, owner of Miedema Realty and Realty Partner of Sunset Senior Communities to tell us more about why now is a good time to make the switch.
Waterford Place: A Sunset Senior Community
Sponsored by Waterford Place.