Baby Boomers to Release Homes for Buyers
A new report projects that nearly 14 million homes owned by baby boomers and the Silent Generation will be released to the market over the next decade, primarily affecting larger homes rather than starter homes. While this influx may increase supply for family and large homes, the impact on first-time buyer starter homes is expected to be limited due to low release rates. The report suggests that the generational shift could lead to more affordable options for those seeking to upgrade and may result in price softness in the larger home segments.
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