According to a recent report from Freddie Mac, people aged 55+ now control nearly 2/3 (approx. $8 trillion) of America’s home equity, which puts them in a prime position to significantly impact the country’s housing market. Freddie Mac recently commissioned the first Freddie Mac 55+ Survey, which surveyed nearly 4,900 homeowners born before 1961 about their current housing situation, plans and other criteria. They are completing an analysis of 55+ renters and will release it when it’s finished. The bottom line; these folks are looking for specific criteria and have needs that the marketplace can meet. Investors take note!
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