She goes on to say that the entry of the baby-boom generation into the home-buying age groups accounted for 11 million homeowners, or 65 percent of the increase in the nation's homeowners since 1983. Though home ownership within the group has declined slightly, 80% of the 55-to-64 age group are homeowners and 82 percent of the 65-to-74-year-olds own a home. Those age groups will be filling with boomers over the next two decades, she notes.
The release includes data that shows that in 2003 homeownership rate by age is as follows:
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