04/15/2024
By 2035, there could be 9.2 million fewer boomer homeowner households, according to a Freddie Mac analysis.
This forecast raises critical questions about the future of the housing market, particularly in light of the existing shortage of single-family homes. Experts are predicting that this impending wave of boomer homeowners exiting the market could trigger what some are calling a "silver tsunami." This phenomenon would involve an influx of homes hitting the market as aging boomers seek to sell. However, Freddie Mac takes a more nuanced view, describing it as more of a "silver tide" - a gradual ebbing of this demographic that will likely be balanced out by new homeowners entering the market.
These seven states have a higher-than-average number of households occupied by homeowners aged 65 and older, making them potential destinations for finding good bargains:
1. Maine
2. Vermont
3. New Hampshire
4. West Virginia
5. Illinois
6. Florida
7. New York
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