Baby boomers are buying and selling homes in America’s hot housing mart. The typical age of a repeat homebuyer is 58, according to the National Association of Realtors. A first-time homebuyer is 35.
Meredith Whitney, an analyst who called the 2008 housing market crash, is predicting a “silver tsunami” is in the real estate market’s future. When baby boomers age out of their homes, it could bring 30 million homes onto the market. But what will that mean for younger generations?
Meredith Whitney, an analyst who called the 2008 housing market crash, is predicting a “silver tsunami” is in the real estate market’s future. When baby boomers age out of their homes, it could bring 30 million homes onto the market. But what will that mean for younger generations?