Economist: More Inventory Coming, But Who Will Buy?
A wave of available homes is expected to douse the inventory-starved market in the coming years, driven mostly by aging baby boomers seeking to downsize. One in eight owner-occupied homes—about 9 million residences—are expected to come to the market through 2027, according to an analysis by Issi Romem, founder and economist at MetroSight, a housing research institute. Read more on downsizing and baby boomers HERE: DOWNSIZING
“OK Boomer, Who’s Going to Buy Your 21 Million Homes?” The Wall Street Journal (Nov. 23, 2019)