Tag: babyboomers

'Are Baby Boomers Causing Shortage in Real Estate Inventory?

Economists now argue that baby boomers - the people who rocked at Woodstock and were active in campus protests - who used to take out mortgages and buy lots of real estate are not downsizing fast enough and aren't putting their houses for sale as earlier generations did. As they refuse to move, it contributes to inventory shortages and an increase in prices, Chicago Tribune reports.

'Real Estate Tip: 6 Reasons Why Downsizing is the Best Choice for Baby Boomers

For the next 18 years, the number of boomers turning 65 years of age will go at a rate of 8,000 per day. That's a great amount of Americans in their retirement years that are at a stage of contemplating on the next phase of their life.
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