Baby boomers wanting to downsize could face housing shortageBaby boomers wanting to downsize could face housing shortagehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=26702014-10-27T10:57:00Z2014-10-27T10:30:00Z

TEXAS - Baby boomers trying to downsize or move closer to the urban core might see a housing deficit in some U.S. markets, a Metrostudy report concluded. Houston and Dallas-Fort Worth topped the list.

The baby-boom generation, now 55 years old and older and nearing retirement, will create a demand for more housing in the next five years, leaving some without the ability to move into the type of home or location they want.

Metrostudy found that 52 percent of all new home purchases within the next five to ten years will be made by adults 55 and older.

The potential housing gap is more than 260,000 in the top ten ranked markets. The top ten metro areas with the largest housing deficits are:

1. Dallas-Fort Worth
2. Houston
3. District of Columbia
4. Atlanta
5. Miami
6. Denver
7. Seattle
8. Phoenix
9. Austin
10. Minneapolis-St. Paul

Houston Chronicle
http://blog.chron.com/primeproperty/2014/10/baby-boomers-wanting-to-size-down-could-face-housing-shortage/Read more at {Source}

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