According to Freddie Mac, baby boomers control approximately $17 trillion in home equity, owning up to 50% of the nation’s housing wealth, significantly impacting wealth transfer.
A robust 75% of homeowners aged 60 and older plan to transfer the proceeds of their homes to family members, indicating a strong familial emphasis on legacy.
Freddie Mac’s data not only highlights the financial stability perceived by aging baby boomers but also reinforces their commitment to sustaining family wealth through homeownership.
With the youngest baby boomers turning 60 in 2024, the so-called silver tsunami signifies a transformative shift in retirement demographics and real estate ownership across the nation.
Collection
[
|
...
]