These Trivia Facts are from the Reverse Review Roundup, June 2014
Trivia Fact #1
A survey reveals older Americans plan to purchase homes down the road. 50% of surveyed adults age 55 and older say they are looking to purchase a home in the future.
“For the first time in years, Americans have a growing sense of optimism that the housing markets is improving, and that these positive changes may be sustainable. This favorable outlook is giving them the confidence to pursue more meaningful, big-picture life opportunities they may have otherwise put on hold” –PulteGroup
Trivia Fact #2
The CPPB says the number of seniors with mortgage debt is increasing. Seniors are facing more mortgage debt, less affordable housing, and a greater risk of foreclosure, according to a report released by the CFPB.
“A home can be a place of security for older Americans in their retirement years–a roof over their heads as well as a valuable asset. But as more seniors carry significant mortgage into retirement, they put themselves at risk of losing their nest eggs and their homes,” said CFPB Director Richard Cordray.
Trivia Fact #3
Most Americans say they plan to retire at the age of 62. –Gallup
