Reported 1 day ago
In the past year, baby boomers aged 60 to 78 comprised 42% of all homebuyers in the US, surpassing millennials at 29%. A significant difference is that many boomers are buying homes with cash; over half of those aged 70 to 78 did so, compared to the majority of millennials who financed their purchases. This trend highlights the financial advantages of older generations, particularly in the face of high mortgage rates and rising home prices that younger buyers are struggling with.
Source: YAHOO