A new report finds a strong correlation between the future housing market and the cognitive decline of older Americans.

The decline is related to difficulties individuals have as they age with memory, their attention span, problem solving and judgment. The report by the Mortgage Bankers Association's Research Institute for Housing America (RIHA) finds that normal cognitive aging also correlates to a potential borrower's ability to make decisions relating to their own housing and financial situation.

"As the Baby Boom begins to enter retirement years, new challenges are arising with significant implications for both borrowers and lenders," said Gary V. Engelhardt, a Melvin A. Eggers faculty scholar and professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University.

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