To anticipate the impact of the 55+ age population on the nation's housing, Freddie Mac commissioned a survey of older Americans on their attitudes toward their current and future housing options. The survey sample included 5914 individuals 55 years or older with a subsample of 4886 homeowners. Here are some of the key findings:
- Two-thirds of the homeowners are satisfied with their homes and communities and want to age in place.
- However, many of those same homeowners are not sure they will be able to afford the retrofitting their homes will require as they grow older. Other studies indicate the remainder of our respondents may be underestimating the need for retrofitting.
- Many respondents want to age in place but in a different place from