Rising mortgage rates and home prices plus inventory shortages are converging to create a new housing crisis for baby boomers, according to Bankrate.com (Sept. 2018.)
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Colorado Springs is one of the five metro areas in which Trulia expects an inventory boom as Baby Boomers downsize (Trulia 2018.) The Springs is one of five cities nationwide with the highest percentage of homes owned by Boomers—65.9 percent. Potentially these Boomers will sell their homes and Trulia adds that while home prices have risen 10% year over year, listings from empty nesters are likely going to be attractive to younger buyers.
10/25/2018 READ MORE
