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Director, Real Estate Portfolio Planning  American Red Cross, Washington, DC

 

Housing Boom

What do the 10,000 Baby Boomers, who reach retirement age every day for the next 19 years, do now? Not what you expect.  A new Trulia report concludes, “Baby Boomers are just as likely to buy a bigger home, and take out a mortgage in retirement to do so, as they are to downsize.” Boomers are the second largest group of homebuyers comprising 31%, only inched out by Millennials at 35%.

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