April 14, 2017 Tips For Agents

5 Facts That Explain Older Boomers’ Homebuying Habits

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.

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