Baby Boomers Hogging the Housing Market
Baby boomers are still the major factor in US home purchases. According to the National Association of Realtors, baby boomers made up 42% of home buyers in the past year, compared to just 29% for millennials. And while 95% of buyers under age 44 used a mortgage, close to 50% of buyers over age 60 were able to use cash.
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