Baby Boomer Homeowners Expect a Financially Comfortable Retirement
[url=http://finance.yahoo.com/news/majority-55-homeowners-confident-financially-140000548.html]http://finance.yahoo.com/news/majority-55-homeowners-confident-financially-140000548.html[/url]


Three out of four homeowners born before 1961 are confident they will have a financially comfortable retirement according to the Freddie Mac 55+ Survey, a comprehensive survey of the housing perceptions and preferences of Americans over the age of 55 released today by Freddie Mac (OTCQB:FMCC).



The first Freddie Mac 55+ Survey also found that the majority of homeowners in this age group were very satisfied with their homes, their communities and their quality of life. Consistent majorities also said homeownership makes financial sense at almost every stage of adult life, whether or not a person is married or has children.

In addition, while many over the age of 55 would prefer to age in their current home, nearly 40 percent said they would prefer to move at least one more time, and 70 percent of those said they are likely to purchase their next home. According to Lowman, this will create significant opportunities and challenges for the industry for years to come.