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Millions of Boomers Prefer to Rent

Posted on July 13, 2016 by Community Real Estate

Are aging baby boomers looking for a change of pace with their living arrangements? 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. The supply of affordable rental housing will be greatly impacted by this trend, as nearly as many renters age 55 and over said they would prefer to move out and continue renting, and more than five million of those said they are likely to move and rent by the year 2020. Affordable rental housing will likely play a key role in determining who moves and when among the baby boomer crowd.

About Community Real Estate

Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents. We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales. We support our America’s Heroes. We look forward to meeting you and your needs!

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