Who Are You Calling a Senior?

Today, the average U.S. life expectancy at birth is 78, versus 47 at the beginning of the 20th century. In January, the first baby boomers began turning 65. According to the U.S. Census Bureau’s national population projections released in 2009, the number of Americans 65 years old or older will grow from 40 million to 54.6 million by 2020—a 36 percent increase and the addition of 14.6 million seniors to the population. So, what does this have to do with the housing market?

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