Memory loss shakes aging Americans' housing decisions

  • 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.

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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.