{"id":13806,"date":"2018-07-25T14:46:15","date_gmt":"2018-07-25T14:46:15","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=13806"},"modified":"2018-07-25T14:46:16","modified_gmt":"2018-07-25T14:46:16","slug":"baby-boomer-sell-off-ignite-housing-crisis","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/baby-boomer-sell-off-ignite-housing-crisis\/","title":{"rendered":"\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis"},"content":{"rendered":"

\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis<\/h1>\n
\"\u2018Baby<\/a>

\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis<\/p><\/div>\n

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Downsizing baby boomers who are leaving home ownership behind may send shock waves throughout the real estate market, two new studies warn. \u201cHome ownership demand from younger generations is insufficient to fill the void left by multitudes of departing older owners,\u201d according to Fannie Mae\u2019s Economic Strategic Research group. A separate study<\/a> by the Stephen S. Fuller Institute at George Mason University says the significant number of older owners in relatively large homes in the Washington, D.C., market may lead to a \u201cbaby boomer sell-off\u201d that could be mirrored in others parts of the country.<\/p>\n

Baby boomers\u2014those born between 1946 and 1964\u2014own two in five homes in the country. The generations following them occupy only about 14 million homes.<\/p>\n

Eventually, health or other issues will force baby boomers to move. Between 2016 and 2026, as many as 11.9 million older owners will end their home ownership status, according to estimates by Fannie Mae. From 2026 to 2036, another 13.1 million to 14.6 million will move as well.<\/p>\n

Researchers in the Fannie study warn that this generational unloading of homes could be \u201cnegative for the home sales market.\u201d Upcoming generations may not have the desire or be unable financially to buy the homes baby boomer are leaving behind. But it\u2019s impossible to forecast price impacts 10 years ahead, Dowell Myers, a professor at the University of Southern California, told real estate columnist Kenneth R. Harney. \u201cWe do not mean to be alarmists,\u201d Myers says, while noting that he hopes the issue will prompt more consideration for public and private policies that may cushion the potential fallout. He points to financing programs, for example, that could help urge more millennials to buy their first homes.<\/p>\n

Lawrence Yun, chief economist with the National Association of REALTORS\u00ae, is not predicting such doom and gloom as a result of a baby boomer sell-off. He cites population growth in the U.S. and emphasizes the rising importance of foreign-born buyers. There should be \u201cno measurable declines\u201d from baby boomers, he says.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cValues May Fall as Baby Boomers Die Off or Sell Off, Two Studies Say<\/a>,\u201d The Washington Post (July 18, 2018)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis Downsizing baby boomers who are leaving home ownership behind may send shock waves throughout the real estate market, two new studies warn. \u201cHome ownership demand from younger generations is insufficient to fill the void left by multitudes of departing older owners,\u201d according to Fannie Mae\u2019s Economic Strategic Research group. … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-13806","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\n\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/baby-boomer-sell-off-ignite-housing-crisis\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis\",\"datePublished\":\"2018-07-25T14:46:15+00:00\",\"dateModified\":\"2018-07-25T14:46:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/\"},\"wordCount\":373,\"publisher\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/07\\\/07252018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/baby-boomer-sell-off-ignite-housing-crisis\\\/\",\"name\":\"\u2018Baby Boomer Sell-Off\u2019 Ignite Housing Crisis - 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