Episode Details

The “silver tsunami” of retiring boomers hasn’t hit the housing market as predicted—many are staying put due to low mortgage rates, lack of suitable replacements, or family needs. This shortage of available homes, especially larger ones, is fueling fierce competition and soaring prices, making it harder for younger buyers to afford upgrades. While boomer reluctance plays a role, experts stress that the bigger culprit is a chronic nationwide housing deficit, worsened by pandemic demand, high construction costs, and rising interest rates. Expect little relief soon; inventory may only increase when these homes pass to heirs. For now, aspiring homeowners must prioritize smart savings and realistic budgeting.

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