It is no secret that the Baby Boomer (BB) generation is the largest group of population in one age bracket ever. I am not going to begin to state facts how much of an impact this group has. Currently 2013, BBs (born between the years 1946 and 1964) are in the ages of 49-67. With the typical age of social security retirement age of 64 we are beginning to see the first generation of these 401k decimated individuals. With lack of money, lack of mobility due to health, lack of living needs due to an unfortunate early death of a partner, or simple decrease of means due to lack of finanial planning and an inability to hold a full time job...It is logical that a BB will downsize and sell their home.
Therefore there are going to be a lot of houses on the market soon due. Who will buy these homes? Will it be Gen Y and X? Trends are showing that renting is more and more desirable despite the absolute lowest interest rates. To reiterate there will be a massive movement out of single family homes and into assisted living arrangements or downsized real estate. This additional supply can only depress the housing market.
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