Baby Boomers' Real Estate Wealth Shift
Dayton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Baby Boomers Dominate U.S. Real Estate: A Shift in Wealth - For the first time, Americans aged 70+ hold more real estate wealth than those aged 40-54, with over $12.5 trillion in property value, double what it was in 2005. Higher mortgage rates have made it challenging for younger buyers, with first-time buyers at a record low of 21% and average age at 40. However, recent drops in mortgage rates and slowing home price jumps offer hope for younger families as baby boomers wealth is set to pass to the next generation in the coming years.
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