The Silver Tsunami and Housing Inventory

The concept of the silver tsunami refers to the aging population in the U.S., where individuals aged 65 and older are projected to outnumber those under 18 in the near future. This demographic shift has significant implications for the housing market, particularly regarding the expectation that many older homeowners will sell their properties, therefore increasing housing inventory. However, contrary to initial hopes, many baby boomers are choosing to remain in their homes or pass them on to family members, rather than flooding the market with homes for sale. This resistance to selling is contributing to a persistent housing shortage, particularly in densely populated economic centers where larger numbers of families are seeking homes.