The Mortgage Bankers Association has warned that the supply-and-demand imbalance for homes owned by older Americans is expected to continue for the foreseeable future. This mismatch is driven by a combination of factors, including demographic trends, affordability challenges, and a shortage of suitable housing options for retirees. As a result, older homeowners may find it difficult to downsize or move to more age-appropriate living arrangements.
Key points from the text include:
– Supply-and-demand mismatch for older Americans’ homes is expected to persist
– Factors contributing to this imbalance include demographics, affordability issues, and lack of suitable housing options for retirees
– Older homeowners may face challenges in downsizing or finding appropriate living arrangements
You can read this full article at: https://www.housingwire.com/articles/housing-supply-will-be-impacted-as-more-americans-age-in-place/(subscription required)
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