According to a survey from Realtor.com, the U.S. is in the midst of its worst housing inventory shortage in 20 years. The real estate listing website has attributed. play out in an interesting way.
U.S. housing shortage due in part to reluctant boomer sellers, survey says Realtor.com survey says that homeowners are also generally satisfied with their homes By Lauren Ro @blauring Aug 15, 2017.
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But a growing number of aging baby boomers are saying, "No, thanks" to downsizing, choosing instead to remain in the same sprawling houses in which they raised kids and created lifelong memories. "We’re just not seeing that much downsizing," says Alexandra Lee, a housing data analyst at Trulia, a real estate research firm.
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!
The shortage is, in part, a consequence of an aging global population. Between now and 2027, a record number of maintenance technicians will be eligible to retire as more baby boomers reach their..
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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.
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. Read More
Of course boomers’ behavior has had outsized effects on the national economy for decades. In real estate, their footprint is enormous.
Baby BOOMERS What’s Causing the Real Estate Shortage? 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 – and that’s contributing to inventory shortages of homes for sale as.
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