Baby boomers are buying up all the houses - FORECLOSURE FRAUD

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Baby boomers are buying up all the houses

Posted on13 November 2023.

Baby boomers are buying up all the houses

For the last 36 years, Rick and Laura Zinnick had a life in Nevada. But when their son and grandchildren decided to relocate to Oklahoma City, the Zinnicks decided to follow them, putting their four-bedroom house on one-third of an acre up for sale.

The decision worked out well. That house sold for $480,000, giving the Zinnicks a windfall. They found a more manageable, one-story home in Oklahoma for $275,000 that was close to their family. And for the first time in their lives, they paid all cash, dodging soaring mortgage rates.

“This move was meant for us,” saidLaura Zinnick, 77. “I’m so glad we’ve been able to buy this house later in our life.”

To continue reading the rest of the article, please click on the source link below:

https://www.washingtonpost.com/business/2023/11/13/housing-market-boomer-buyers-mortgage-rates/

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