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The Silver Tsunami: What It Is and What It Could Mean for the Housing Market
The silver tsunami refers to the gradual shift in the housing market as Baby Boomers (born 1946-1964) transition out of homeownership.
While this was expected to flood the market with homes, many Boomers are staying put longer than predicted, keeping inventory tight. In Washington, Boomers own 37% of homes statewide, with even higher concentrations in areas like Mount Vernon-Anacortes.
As some relocate or pass homes to heirs, suburban markets may see gradual increases in inventory, offering opportunities for younger buyers. While the impact won’t be sudden, it will shape real estate trends for years to come.
You can read the blog article here.
The information provided on this podcast is for informational and entertainment purposes only. All views and opinions expressed are solely those of the host and guests, and do not constitute real estate, financial, tax, legal, or other professional advice. Every situation is unique, and you should always conduct your own research and due diligence before making any decisions. Please consult directly with qualified professionals such as a licensed real estate agent, attorney, or tax advisor regarding your specific circumstances.
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By Jill and DaveThe silver tsunami refers to the gradual shift in the housing market as Baby Boomers (born 1946-1964) transition out of homeownership.
While this was expected to flood the market with homes, many Boomers are staying put longer than predicted, keeping inventory tight. In Washington, Boomers own 37% of homes statewide, with even higher concentrations in areas like Mount Vernon-Anacortes.
As some relocate or pass homes to heirs, suburban markets may see gradual increases in inventory, offering opportunities for younger buyers. While the impact won’t be sudden, it will shape real estate trends for years to come.
You can read the blog article here.
The information provided on this podcast is for informational and entertainment purposes only. All views and opinions expressed are solely those of the host and guests, and do not constitute real estate, financial, tax, legal, or other professional advice. Every situation is unique, and you should always conduct your own research and due diligence before making any decisions. Please consult directly with qualified professionals such as a licensed real estate agent, attorney, or tax advisor regarding your specific circumstances.