This Is What an 8% Mortgage Means For the Housing Market
Odd Lots
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-The Impact of Aging Boomers on Housing Dynamics and Listings
Barclays notes that the surge in house prices can be attributed to older generations choosing to stay in their homes rather than moving to nursing homes, which affects housing demand and prices. The boomer generation, entering this age cohort, is driving unique housing dynamics. Demographic forecasts suggest that the percentage of homes owned by people over 65 will continue to increase. Older homeowners tend to stay in the same areas when they do move. This aging population is a factor contributing to low housing listings in recent years. Overall, the boomer generation's housing choices have a significant impact on the current housing market.
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