By Paul Bubny | GlobeSt.
Now outnumbered by millennials, Baby Boomers and others aged 55 and older nonetheless may be competing with their younger counterparts for the same pool of rental housing. Freddie Mac’s first-ever survey of housing plans among those born before 1961 reveals an inclination toward renting over owning.
Freddie’s 55+ Survey shows an estimated six million homeowners, and nearly as many renters, prefer to move again and rent at some point. Of those that expect to move again, over five million indicate they are likely to rent by 2020.
