The housing market is ‘failing older adults,’ Urban Institute says
Older Americans face unique housing burdens that remain largely unaddressed by market providers, according to an Urban Institute report.
U.S. Census Bureau
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Safety, affordability concerns could be barriers for aging in place
A vast majority of older Americans want to age in place, but they could run into financial challenges tied to maintenance and repair costs.
10.5 million borrowers at or over age 65 still have forward mortgages
Though many older homeowners own their properties free and clear of a mortgage payment, 10.5 million seniors still have a forward mortgage.