Do you need to own a house? Many older Americans decide they don’t

(Image: Bloomberg)

Sun, 17 Aug 2025

By Clare AnsberryClaire Kerr wanted to downsize from her five-bedroom, four-bathroom house after her children were grown. Rather than buy something smaller, the 64-year-old marketing manager at 7-Eleven decided she was tired of maintenance and repairs. So she sold her house and rented a two-bedroom home with a front porch and attached garage. “I’m at a different stage in life,” says Kerr, who lives in Dogwood Commons, a rental community for people 55 and older in the Dayton, Ohio, area. “I have no interes...

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