ilmscore | Prediction Details
"I personally think it's not going to work out that way I do think eventually whether because of health issues Financial issues or perhaps mortgage rates come down to the 5 and 5 a half% range then maybe more Boomers who are thinking right now give market conditions that they're going to AG in place will choose to do something else and that will free up some Supply... Boomers will sell more of their homes than they will right now this is I think we're probably close to the low point and we'll start to see it tick up but... the evidence points to that we are probably going to see Boomers hold onto their properties longer than we are expecting"
By BiggerPockets | January 23, 2025 | Pending
From video
Boomers Will NEVER Sell, and It’s Ruining the Housing Market 00:07:15 - 00:10:39
Interpreted Prediction
While more Boomers will eventually sell their homes (due to health, finances, or mortgage rates dropping to 5-5.5%) and supply will tick up from its low point, they are predicted to hold onto their properties longer than expected, preventing a market flood.

Prediction Details

Topic
Housing Market / Boomer Selling Trends

Comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.