For a while now baby boomers have been blamed for a portion of the housing market’s current lack of housing inventory, but should they really be getting the blame?
“Boomers are healthier and working longer than previous generations, which means they aren’t yet ready to sell.”
According to a study by Realtor.com, 85% of baby boomers indicated they were not planning to sell their homes any time soon.
Last month, Trulia looked at the housing situation of seniors today compared to that of a decade ago. Trulia’s study revealed that:
“Although seniors appear to be delaying downsizing until later in life, as a group, households 65 and over are still downsizing at roughly the same rate as in years past.”
Here’s what it all boils down to:
If you are a baby boomer who is not sure whether you should downsize or move to a warmer climate (other people are doing it, why not you?), let’s get together so we can help you evaluate your options today!
I’m Leslie Don Wilson
I want to be your realtor. Find out why people love doing business with me.