With increasing age of the boomers, most houses will come onto the market

Tampa, Fla.

The sheer number of babies born in the years after World War II has given members of the boomer generation all of their life influence. Now that they are aging, shrinking, and eventually dying, a wave of homes will enter the real estate market in the coming years, which will be detrimental.

A recent study by Zillow predicts that this significant and sustained increase in housing stock over the next two decades will have the greatest impact on places like Miami and Tucson, Arizona, as well as cities with mostly younger residents, such as Cleveland and Pittsburgh.

The construction industry could also be severely affected. It may be necessary to focus more on updating existing properties than on the new Zillow building (Z) – Get the report Report says.

Vibrant regions with fast growth and affordable housing that attract younger residents, such as Atlanta and Austin, Texas, are less affected.

Currently, 33.9% of U.S. homes are owned by residents who are 60 years of age or older and 55.2% of residents who are 50 years of age or older. As these households age and begin to vacate their homes, there could be as many as 20 million homes on the market by the mid-2030s.