Baby Boomers Making Big Moves in the Housing Crisis

So, baby boomers, with their huge $75 trillion in total wealth, have always been big spenders in the US economy. Now, they’re really shaking things up in the housing market. When the pandemic first hit, most boomers were happy to stay in their homes and maybe fix them up a bit. But things have changed. According to the National Association of Realtors, now 39% of people buying homes are boomers. What they’re doing differently is buying houses with cash, skipping over those high mortgage rates. This move is pushing aside younger folks who can’t afford to pay in cash and puts boomers at the front of the line for buying homes. <a href="https://medium.com/illumination/baby-boomers-making-big-moves-in-the-housing-crisis-98f126d56d89">Click Here</a>