Aging Home Owners Will Give up 13.9M Homes in the Next Decade

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Yesterday

1022 ET - Over the next decade, Baby Boomers and the Silent Generation are expected to release 13.9 million homes, Realtor.com says. That's 34% more than older households did in the last 10 years. But first-time buyers shouldn't expect a windfall; nearly all of those homes are family-sized or larger. The pace climbs throughout the decade, and Boomers overtake the Silent Generation as the main source of inventory around 2029, with the peak likely coming after 2036. 380,000 starter homes are expected to be relinquished by these older cohorts, in part because owners of smaller homes are more likely to have paid off their mortgages and stay put. Today, Boomers and the Silent Generation live in an estimated 36.7 million homes they own. By 2036, Realtor.com expects that to drop to 22.8 million.

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