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Boomers’ Big Impact on Housing; Pending Sales Ebb; Rates Hold 3-Year Lows, But…

Boomers’ Big Impact on Housing; Pending Sales Ebb; Rates Hold 3-Year Lows, But…

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. The majority of respondents said homeownership makes financial sense although opinions about exactly who benefits diverged. Ninety-six percent feel homeownership makes financial sense for people who are either married with children
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