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

Zillow | December 02, 2019

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.

Spotlight

Peter Senst, President Canadian Capital Markets, discusses primary sources of capital and the challenges facing investors in 2015. Is Canadian Real Estate Industry Ready if Interest Rates Increase.

Spotlight

Peter Senst, President Canadian Capital Markets, discusses primary sources of capital and the challenges facing investors in 2015. Is Canadian Real Estate Industry Ready if Interest Rates Increase.

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