Ownership rates across all age groups increased between 1985 and 2003. Again, this is a well- documented and understood change that has been driven by a number of economic factors, including, but not limited to, falling interest rates, rising standards of living, public policies helping low- and middle-income families afford home ownership. Among the elderly population, the ownership rate for population 85 and over exhibited the highest increase – ., 16 percentage points. Data show that the ownership rate peaks at the age 62 to 74. The ownership rate decreases with the higher age groups as elderly households.
