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Some want to blame Boomers for higher house prices.. .because they staying in their homes longer than they used to.
Adam Perdue - Director of Zonda Advisory in Houston says housing affordability has worsened considerably over the past 4 years. Higher interest rates is probably a bigger reason than the Boomers staying in their homes. The long-predicted "Silver Tsunami" of Boomers selling their paid for homes and downsizing has not occured. But there are plenty of other reasons that are making the housing market out of reach for many buyers.
www.zondahome.com