Memory loss shakes aging Americans' housing decisions

In our country, there will be 62 million people over the age of 60 by 2024
  • The Mortgage Bankers Association's Research Institute for Housing America released a study that examined the connection between older Americans' cognitive health and housing practices.
  • The study found that as older Americans begin to struggle with memory and overall cognitive health, homeownership rates drop since they aren't able to effectively make financial decisions.
  • RIHA hopes these findings will help the real estate industry craft better financial products and services for this growing population.

The Mortgage Bankers Association’s Research Institute for Housing America (RIHA) released a report that explores how older Americans’ cognitive health impacts their ability to make sound decisions about their homes and finances.