Mature Market Experts Stat of The Day: Home Equity

Boomer / Senior / Mature Market Stat of the Day – A typical new house costs you $244,100 today. How much did an early boomer buying in 1976 pay on average?

“$44,200! Nearly eight in 10 boomers own their homes; for most, it’s their largest asset outside their pensions. While some worry that a boomer real estate sell-off may cause an even greater housing crash than today’s, data from the Center for Retirement Research at Boston College suggest that these fears may be overblown: Home-ownership rates tend to remain stable until age 80, and decline only moderately thereafter.”

Source: CNNMoney.com

For a related series of blog entries, follow the real estate trail.

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