Summary
The U.S. housing market is expected to undergo significant changes due to a demographic shift where deaths may outnumber births by 2033. This change could lead to more homes on the market and less demand, affecting home prices and the types of homes people want. Experts suggest this shift could make buying a home more affordable, as fewer people seek large family homes.
Key Facts
- By 2032-33, deaths in the U.S. may surpass births, potentially reducing homebuyer demand.
- The U.S. population growth rate is expected to slow over the next 30 years.
- The housing market has faced a chronic shortage of homes for decades.
- Rising home costs have made it hard for younger generations to buy homes.
- More homes may become available as the Baby Boomer generation ages.
- This demographic change could lead to lower home prices over time.
- There may be increased demand for smaller homes instead of large family homes.
- The impact of demographic shifts will vary by state, with some feeling changes sooner.
