@RealtyTimes Sent me a story today affirming my thoughts. Boomers are aging in place with no plans to move!
Here it is:
The study also found that “more than half of those 45 and older want to remain in their current homes for their senior years,” which jives with a recent Chicago Tribune story. “Baby Boomers, the 75 million Americans born between 1946 and 1964, are clogging up the housing market,” said HousingWire of the article. “Instead of moving to retirement communities like many of their parents did when they got older, Baby Boomers are opting to age in place. The “near-gridlock” is keeping about 1.6 million houses off the national market, the Tribune story said, citing a Freddie Mac analysis.”
Just think how this would open up some neighborhoods to families with kids???…tc
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