What Baby Boomers Want As Home Owners [infographic]
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WHAT BOOMERS WANT
32 percent of the U.S. population is 50 years of older, and two-thirds of the primary home equity is owned by those over 55. The choices made by this demographic group will impact housing opportunities available to younger generations, especially millennials.
19% of those under 55 have no mortgage
52% of those 55+ own their homes outright
59% do not plan on selling their home after retirement
47% plan to downsize after retirement
44% plan to move out of state after retirement
(To view this infographic on its original site, click here.)
WHAT BOOMERS WANT
32 percent of the U.S. population is 50 years of older, and two-thirds of the primary home equity is owned by those over 55. The choices made by this demographic group will impact housing opportunities available to younger generations, especially millennials.
19% of those under 55 have no mortgage
52% of those 55+ own their homes outright
59% do not plan on selling their home after retirement
47% plan to downsize after retirement
44% plan to move out of state after retirement
(To view this infographic on its original site, click here.)
Labels: baby boomers, real estate infographic
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