Housing An Increasingly Older Population

Housing An Increasingly Older Population

In less than 20 years, one in three households in the US will be headed by someone 65 years of age or older. While this number may sound shocking, it is only expected to grow (RISMedia.com).

According to the report,Projections and Implications for Housing a Growing Population: Older Adults 2015-2035, the 65-year-and-older population is predicted to expand from 48 million to 79 million by 2035. With the constant increase in demand for housing, this leaves us wondering, how will the housing market support this exploding older population?

While much of this older population have the means to stay where they are and plan to remain in their current residences, in turn affecting demand, some cannot afford their living expenses. Currently, 19 million older adults live in unaffordable housing and need alternative options. 

Thus, this surge calls for innovative approaches to both affordable housing as well as outfitting homes for the elderly. We're going to need solutions that require collaboration between the housing industry and many others including policy makers and public, private, and philanthropic organizations. 

Kurt Galitski DRE 01348644 Headshot
Phone: 714-957-6677
Dated: December 28th 2016
Views: 90
About Kurt: After 15 years of founding and running a successful boutique real estate office in Costa Mesa as a l...

Property Search

RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

The Kurt Real Estate Group - Kurt Galitski
2973 Harbor Blvd. #532
Costa Mesa, CA

Other Locations