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And just 15% of boomer homeowners plan to sell within the next five years.
The study also revealed that those boomers who do plan to sell expecthuge profits from their homes.
Thats after real estate agent commissions, transfer taxes and other closing costs.
Fully 10% expect to sail into the sunset with a cool half million or higher.
In fact, over a third (34%) bought their homes for under $50,000.
Only 12% of boomer homeowners spent $200,000 or more to buy their homes.
Foryounger house hunters, that sounds like mythology, or at least like some long-extinct creature.
Todays median home sells for $412,300, according to the Federal Reserve.
That notion seems almost quaint in todays housing market.
Thats more in four years than home prices grew in the entire decade of the 2010s.
So yes, boomers enjoy hearty home equity.
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