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Aging Population Won’t Help Housing Supply Crunch: MBA

Friday, Jul 08 2022
Lending
Written by  The Mortgage Leader

More than 4 million existing homes are expected to hit the market over the next decade as the U.S. population ages, but that shouldn’t lead to much extra housing supply. That’s according to new research by the Mortgage Bankers Association.

house for sale 2845213 1920In fact, the extra homes that go up for sale as Baby Boomers downsize or pass away ought to bring “no measurable reduction in home prices,” according to the MBA.

“The impact from baby boomers exiting their homes is not insignificant but will happen over a few decades without significantly disrupting the housing market," MBA economist Edward Seiler said in a statement.

Read more about this news from the Mortgage Bankers Association. 

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