Earlier in June, Freddie Mac reported that the 67 million baby boomers and other homeowners over the age of 55 control two-thirds of the nation’s aggregate home equity and therefore are in a position to greatly influence the direction of housing market over the next decade.
According to a new Freddie Mac 55+survey (polling 6,000 homeowners and renters born in 1961 or earlier), approximately six million homeowners stated they would prefer to move at some point and rent instead of owning. Nearly as many renters age 55 and over said they would prefer to move out and continue renting. More than five million of those said they are likely to move and rent by the year 2020, according to Freddie Mac. Reported in DS News. For details, please go through link below:
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