Many studies suggest one of the main reasons for the inventory shortage in today’s market of homes for sale is that older generations have chosen to "age in place" over moving.. The 2019 Home Buyers & sellers generational trend Report by NAR clarifies this point!. NAR’s findings show that baby boomers (43%) and the Silent Generation (12%) made up 56% of sellers in 2018!
Gen Xers ranked second at 26%, a drop from 28% in 2017, followed by the Baby Boomers with 32%, up from 30% in 2017. and are the most likely generation to use a real estate agent with 90% of.
But now, say some economists, baby boomers aren’t selling their houses as earlier generations did – they’re not downsizing fast enough as they approach and pass traditional retirement ages.
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They rocked at Woodstock, marched in protest on campus, distrusted authority, and then as adults, took out mortgages and bought lots of real estate. But now, say some economists, baby boomers aren’t selling their houses as earlier generations did – they’re not downsizing fast enough as they.
Of course boomers’ behavior has had outsized effects on the national economy for decades. In real estate, their footprint is enormous.
· Just as the aging of baby boomers and echo boomers will cause the next housing market crash, it will have widely varying effects on other real estate categories and geographies. That will create a number of profitable opportunities for those who are savvy enough to take advantage of these little understood trends, just like those we mentioned earlier.
· Baby Boomers, born between 1946 and 1964, are heading into retirement in droves (about 10,000 a day, in fact). Along with the aging of this iconic cohort come lots of data about their poor preparation for their later years. Insufficient preparedness.
Aug. 10, 2017 /PRNewswire/ — The U.S. real estate market. find another home." While baby boomers plan to stay put Breaking down those not planning to sell by age points toward one significant.
While Boomers might be contributing, we are not entirely responsible for the shortage. Boston is an area fortunate to be flux with high-paying jobs, but with no land left for housing developments. And we are certainly not responsible for the massive influx of foreign nationals buying homes here – with cash in their pocket and the ability to.
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