Monday, December 16, 2013

Senior Renter Population Expected to Spike 40% via Reverse Mortgage Daily

American housing trends have been shifting away from ownership toward rental, says a new report, and as the population ages, the number of senior renters is expected to increase by 40% in the next decade.

In 2012, renters comprised 35% of U.S. households, reaching 43 million by early 2013, according to the Joint Center for Housing Studies of Harvard University in a 2013 report on America’s Rental Housing: Evolving Markets and Needs. While older age groups are more likely to own a home, by 2011, there were nearly 5.5 million renters aged 65 and older.

Read more...Senior Renter Population Expected to Spike 40% | Reverse Mortgage Daily

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