Boomer Home Ownership Remains a Whopping 80%

27 November, 2019

With the 2008 downturn, home ownership spiraled down and has now settled at 63%. The one aspect of the housing industry that has remained stable and is a pillar of strength is home owners who are 65 and older.With a sense of community, lower mortgage debt due to long time ownership, and financial stability they are remaining in their homes longer.

Boomer Home Ownership Remains at 80 percent

“This group has been a ballast for the market,” said Chris Herbert, acting managing director at the Joint Center for Housing Studies at Harvard University. “If not for them, we would have seen a much lower home ownership rate overall, more homes on the market and more weakness.”

Enjoy this informative and surprising report.

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AMPI is the national association of real estate professionals that have, since 1956, gathered under laws and codes of ethics and conduct to create a reliable, trustworthy an efficient real estate environment in Mexico.

AMPI consists of separate autonomous sections all throughout the nation, as well as more than 4,000 associates and affiliates.

Each section is independent and has its own board of directors, only surpassed by a national board of directors comprised of twenty associates from all over the republic.

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AMPI has been a solid and recognized institution in Mexico for the past 27 years. It was originally established in 1956 and was consolidated in 1980.

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