By: Joe Ward
Source: Miami Agent
With all the talk of Millennials and how they fit into the housing market, retirement-age Baby Boomers don’t get a lot of attention as a home-buying population. The numbers show, however, that “Older Boomers” aged 62 to 70 years are a sizable and motivated group of prospective homebuyers.
Here are some facts that define Older Boomers and their homebuying preferences, according to a survey by the National Association of Realtors:
1. Older Boomers made up 14 percent of all homebuyers in 2016 and 21 percent of sellers in 2016, showing that some Older Boomers sell to get out of homeownership.