“Plainly put – a generational housing bubble is on the horizon. New housing built now to meet strong demand may sit vacant in a decade. Demand reversal will intensify by the mid-2030s, when the annual number of homes that seniors add back to the market is expected to be 40% higher than current levels,” researchers said. The could be offset by policies that encourage seniors to age at home instead of nursing facilities, ease first-time home purchases, or boost immigration, the report added.
TOPICS AND TIMESTAMPS:
Real Estate 0:00
170% Up? 9:47
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