In the decade between 2007 and 2017, around 730,000 homes hit the market that were previously owned by seniors each year. But that number is expected to grow exponentially over the next couple decades. Between 2017 and 2027, 920,000 homes will be released into the market each year by people aged 60 or older, according to a new analysis from real-estate company Zillow ZG, -2.00% . By the decade between 2027 and 2037, the figure is project to hit 1.17 million homes a year.
Realtors have a happy future ... well maybe Zillow will.
This is a topic that should be getting more attention in the news than it's currently getting. Maybe it's yet another type of bad news the powers that be choose to ignore? I don't expect to read any similar articles in the NAR publications any time soon.