GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
When households age beyond 75, this number gradually starts to decline.
However, in 10 years the youngest boomers will only be 71 years old.
Here are four housing markets boomers wont be able to afford in a decade.
Also here are housing markets boomers should consider instead.
He said this will even reduce the buying power of boomers with significant equity in these areas.
5 Additional Markets To Watch
Some areas currently popular with boomers are still affordable for retirees.
However, this could change in the next decade.
GOBankingRates recently published a list of the50 fastest-growing retirement hotspotsin the U.S. Due to the price of land, the boomer units are priced higher, he said.
As for why theyll focus on new construction, he said its not a coincidence.
Boomers dont want to repair, remodel or replace things in older units, he said.
Therefore, he said older homes will be left for younger buyers to purchase.
More From GOBankingRates
Share This Article:
