Boomers in the Housing Market
Baby Boomers are still the biggest movers in the housing market. Millennials are continuing to be priced out of the market as new communities are focusing on the older generation that is relocating and upsizing in retirement. 55+ communities are popping up all over the place and are a huge draw to active retirees. The market is doing well enough that they can quickly sell their current homes for a decent price ensuring that they will not have finances tied up in two different locations. For more information visit this article by Alana Stramowski with Reverse Mortgage Daily.