Coming Silver Tsunami to Create a Boom of Available Homes in U.S.

According to new research by Zillow, Baby Boomers in the U.S. are set to leave their homes at record levels in the coming years, freeing inventory in what has been an increasingly tight market since the economic recovery began. Housing inventory has been in short supply for the past decade in large part because builders have struggled to overcome the scarcity and rising costs of labor and materials. But a flood of homes will come on the market in the next 20 years as Baby Boomers age - enough to affect local economies in traditional retirement areas. The Boomer generation, once 76 million strong in the U.S., dwarfed the 55 million Gen-Xers and 62 million Millennials it immediately preceded. Today, about a third of America's homes are owned by those 60 and older, and a new Zillow analysis shows the impact their aging will have on the housing market.

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