Boomers’ big impact on housing market

By Jann Swanson | Mortgage News Daily

Baby Boomers, even as they age, continue to have an outsized impact on the housing market. Freddie Mac recently conducted a large survey of those over age 55 to find out their housing perceptions and preferences. The first data released from the survey dealt with responses from homeowners while a second analysis concentrated on those renting their homes.

The majority of homeowners over age 55 are happy about where they live. Fifty-nine percent are “very satisfied” with their communities, 64 percent with their current home, and 54 percent with their quality of life.

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June 30, 2016

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