Freddie Mac Looks at Ramifications of Aging-in-Place

Posted To: MND NewsWire

It can require as little as replacing doorknobs with levers or as complex as installing a walk-in shower, but Fannie Mae says very few existing homes are currently set up to allow their inhabitants to “age-in-place.” The company takes an in-depth look at the issue in its February Insights, after its recent survey of the over age 55 population found that two thirds of older homeowners hope to do just that as do 44 percent of older renters. The report, compiled by Freddie Mac Chief Economist Sean Becketti and Elias Yannopoulos, a quantitative analyst in the company’s Economic and Housing Research Group, notes that while the desire to remain in an existing home is high (and increases with age), many residences make aging in place a challenge . Stairs, doorways and halls too narrow to accommodate…(read more)

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Freddie Mac Looks at Ramifications of Aging-in-Place
Freddie Mac Looks at Ramifications of Aging-in-Place

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