Baby Boomers aren’t going anywhere

Blame it on the Baby Boomers! One of the biggest problems in real estate today is the lack of available homes for sale throughout the country. According to a recent report by USA Today, Baby Boomers are partially responsible as they’re not moving out of their homes and downsizing as they enter retirement.

The reasons are many. Approximately 20% of those 65 or older are still working as compared with just 12.1% back in 1996. In other cases, they have adult children living with them and need the space.

Some Baby Boomers are looking to downsize but can’t find a suitable smaller home.

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