flexiblefullpage - default
Currently Reading

Baby Boomers Are Staying Put

Demographics

Baby Boomers Are Staying Put


June 6, 2018
Baby boomer hands in home
Photo: Pixabay/sabinevanerp

Economists are finding that the Baby Boomer generation is not downsizing in the predicted numbers. This may be exacerbating the already tight housing market.

“Several years ago there was an expectation that as baby boomers move into retirement, there would be a surge of homes hitting the market," said Zillow senior economist Aaron Terrazas. "That really hasn't materialized."

CBS’ MoneyWatch reports that Americans over 65 have the highest homeownership rate of any generation. Trends causing them to stay put include a later average retirement age and a growing number of adult children still living with parents. Americans are more often waiting until after age 80 to downsize, meaning the oldest Boomers, now 72, could remain in their homes for another decade.

Read more

Related Stories

Community Development

As Wealthy Buyers Flee Major Cities, Developers Meet Demand With ‘Naturehoods’

Sustainable community development is on the rise as high-end home buyers migrate from major cities to mountainous nature havens

Home Technology

Smart Home Tech Will Take a More 'User-Centric' Route in the Next Five Years

Advancements in smart home technology will create a more holistic experience for users by 2027, according to these industry pros

Home Design

Wellness Design, Outdoor Living Features Trend In New Residential Design Survey

Wellness-related design features and outdoor living amenities are still influencing purchasing decisions post-pandemic

Advertisement
boombox1 -
Advertisement
native1 - default

More in Category




Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.