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☆ American Dream Is Shrinking: Smaller Homes, Fewer Kids, Less Vacation
▼ + stars: | 2024-12-17 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +13 min

The American dream — like a beloved pair of pants you left in the dryer too long — is shrinking. Their millennial counterparts felt similarly, though they were slightly more bullish on the possibility of the American dream. And even among those who might have achieved the American dream — higher earners with college degrees — life satisfaction has slipped. At the same time, there's a bittersweet parallel running alongside the shrinking of the American dream. But now that the American dream is within reach for these people, it's already shrinking.

Persons: There's, schlepping, it's, It's, Zillow, Rent.com, That's, —, Karen Benjamin Guzzo, Hill who's, Guzzo, that's, Young, they're, downer Organizations: Pew Research Center, Gallup, National Association of Home Builders, National Association of Realtors, University of North, Hill, Washington Post, Workers, Wall Street, Federal Reserve Bank of Atlanta Locations: University of North Carolina, United States, American

☆ 10 top housing markets in 2025 — a year that should finally favor homebuyers
▼ + stars: | 2024-12-17 | by ( James Faris | ) www.businessinsider.com time to read: +4 min

Here are 10 real-estate markets that could see a surge of activity next year. There's a growing sense among real-estate analysts that an extended home sales contraction will snap in 2025 as housing inventory rises and mortgage rates fall. And buyers may also move off the sidelines as mortgage rates drift toward 6% from around 7%, the firm added. Buyers will flock to 10 top housing markets in 2025 due to a combination of rising home supply, manageable mortgage rates, and healthy local economies, the firm said. AdvertisementBelow are the 10 real-estate markets that the NAR is bullish on next year, along with select economic and demographic considerations.

Persons: Lawrence Yun, Realtor.com, Freddie Mac, who've Organizations: National Association of Realtors, NAR, National Association of Realtors Property

☆ The median renter in America has a net worth of $10,400. The median homeowner’s net worth is $400,000
▼ + stars: | 2024-12-16 | by ( Samantha Delouya | ) edition.cnn.com time to read: +7 min

Existing homeowners in America have seen their wealth on paper explode as home prices have surged across the country. A recent report from the Aspen Institute highlights the gaping wealth chasm that has formed between homeowners and renters in America. The median homeowner in America has a net worth of $400,000 as of 2022, the most recent data available, while the median renter’s net worth is just $10,400, according to the report. At the same time, the days of sub-4% mortgage rates appear to be in the rear view window after the Federal Reserve began hiking interest rates to tackle inflation in 2022. Skyrocketing home prices aren’t the only barrier to entry: Mortgage rates remain persistently high.

Persons: Elizabeth Grantham, ” Grantham, “, it’s, haves, Grantham, We’ll, ”, Jordan Swanson, Freddie Mac, Katherine Lucas McKay, Decisionmaking —, ” McKay, Brandon Bell, —, McKay, Shane Phillips, don’t, There’s Organizations: CNN, San Francisco Bay Area, Aspen Institute, National Association of Realtors, Federal Reserve, Aspen Institute’s Financial Security, Aspen, Federal Reserve’s Survey, Consumer Finances, Survey, Household Economics, Getty, UCLA Lewis Center for Regional Policy Studies Locations: San Francisco Bay, Washington, America, Tacoma , Washington, Seattle

☆ I bought my first home alone at age 33. I had to live with my parents for 9 years to save enough, but it was worth it.
▼ + stars: | 2024-12-15 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +7 min

Karla Cobreiro, 33, lived with her parents for nearly 10 years to save up enough to buy a home. My parents moved to the US when I was four, and I grew up in Miami. I left at 18 for college, then moved back home after graduation to save money for my future. Still, I didn't want to live with my parents forever. In November 2022, at 31, I bought a 900-square-foot condo in Downtown Doral, a suburb of Miami, for about $400,000.

Persons: Karla Cobreiro, Cobreiro, Quinn, I'm, I'd, homeownership, DINK —, we'll Organizations: Association of Realtors Locations: South Florida, Cuba, Miami, Downtown Doral

☆ These 2 factors will help unlock the housing market in 2025, according to Realtor.com's chief economist
▼ + stars: | 2024-12-14 | by ( Christine Ji | ) www.businessinsider.com time to read: +4 min

The US housing market will see more favorable buying conditions in 2025, according to Danielle Hale, chief economist at Realtor.com. Mortgage rates may become less important to buyers and sellersHomebuying decisions can also be influenced by factors other than mortgage rates or home prices, according to Hale. AdvertisementAdditionally, consumers might be getting accustomed to high mortgage rates, according to Redfin. Related storiesA more "buyer-friendly" housing marketThese changes won't be immediate, but they will have a noticeable impact on the housing market, according to Hale. Lower interest rates — and subsequently, lower mortgage rates — would certainly speed up the erosion of the lock-in effect, Hale said.

Persons: Realtor.com's, Danielle Hale, Hale, Lawrence Yun, Mimi Trieu, Realtor.com Organizations: homebuyers, Homeowners, National Association of Realtors, Buyers Locations: Realtor.com

☆ 'Unverifiable income' can limit your mortgage options — here's how to get around it
▼ + stars: | 2024-12-11 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +1 min

A number of factors can get your mortgage application denied. Mortgage lenders want to know if you're financially capable of paying back the loan. One way they'll do that is by requesting documents like your federal income tax returns, W-2 and current pay stubs, according to Freddie Mac. For instance, income you earn from a rental property you own may be tricky for a mortgage lender to verify, he said. In such instances where you have different forms of income or are self-employed, it may be worth looking into non-conventional mortgage options, said Melissa Cohn, regional vice president of William Raveis Mortgage in New York.

Persons: Freddie Mac, isn't, Jacob Channel, Melissa Cohn, William Raveis Organizations: Finance, National Association of Realtors, William Raveis Mortgage Locations: New York

☆ What to watch for in 2025 housing market predictions
▼ + stars: | 2024-12-08 | by ( Ana Teresa Solá | Ana Teresa Solá Is A Personal Finance Reporter For Cnbc. | ) www.nbcnews.com time to read: +8 min

“If the housing market were going to crash, it would have already crashed by now,” said Daryl Fairweather, chief economist at Redfin. “The housing market has been so resilient to interest rates going up as high as they have.”Here are five housing market predictions for 2025, according to Fairweather and other economists. If fewer homes are built in a supply-constrained market, prices might grow much higher, said Channel. More than 21 million renter households are “cost-burdened,” meaning they spent more than 30% of their income on housing costs, according to 2023 U.S. Census data. “Rent prices typically decline in the colder months of the year,” as fewer people are apartment hunting in the late fall and winter seasons.

Persons: Redfin, ”, Daryl Fairweather, Fairweather, Selma Hepp, Donald Trump, Jacob Channel, ” Redfin’s Fairweather, “, Hepp, CoreLogic, Donald Trump’s, ” Jessica Lautz, ” Fairweather, CoreLogic’s, “ We’ll, Redfin’s Fairweather, What’s, Milton Organizations: U.S, Redfin, LendingTree, ”, D.C, LendingTree’s, National Association of Realtors, CNBC, “ Locations: U.S, Austin , Texas, Seattle , Washington, New York City, Florida , California, Texas, California, Florida, Asheville , North Carolina

☆ 5 housing market predictions for 2025, according to economists
▼ + stars: | 2024-12-08 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +6 min

If fewer homes are built in a supply-constrained market, prices might grow much higher, said Channel. A stable rental market will also give renters more strength to negotiate with landlords. For instance: Austin, Texas was the "epicenter of multi-family construction," she said, meaning a lot of new supply was added into the city's rental market, bringing rental costs down. In contrast, supply-constrained metropolitan areas like Seattle, Washington, D.C., and New York City, are experiencing high rent growth of 5% annually. Mortgage rates declined this fall in anticipation of the first interest rate cut since March 2020.

Persons: Fairweather, Selma Hepp, Donald Trump, Jacob Channel, Redfin's Fairweather, Hepp, CoreLogic, Donald Trump's, Jessica Lautz, CoreLogic's Organizations: D.C, National Association of Realtors, CNBC Locations: U.S, Austin , Texas, Seattle , Washington, New York City, Florida , California, Texas

☆ NYC legalized tiny backyard homes and other extra dwellings. Here's how they've helped homeowners and renters across the country.
▼ + stars: | 2024-12-08 | by ( Eliza Relman | ) www.businessinsider.com time to read: +6 min

It's part of a bigger movement to boost ADU construction across the US. Nearly half of California ADU owners said they've rented out their unit to short- or long-term tenants, according to one poll last year. According to the poll of California ADU owners, 61% said they built their ADU to house a family member. AdvertisementEven as a real-estate industry professional, Hepp struggled to sort out the rules and regulations on ADU construction in LA. But since most ADU legalization efforts have happened since 2022, their full effects are not yet evident in many places.

Persons: that's, They've, Scott Turner, Eliza Relman, they've, ADUs, Selma Hepp, Hepp, Selma Hepp's ADU, Freddie Mac, Elizabeth Riddick, Nolan Gray Organizations: National Association of Realtors Locations: York City, York, Austin, California, San Francisco Bay, Austin , Texas, LA, Burbank , California, Selma, . California, Oregon, Washington, New York, Vermont

☆ 3 reasons buying a home could get easier in 2025 — unless you're a first-time buyer
▼ + stars: | 2024-12-07 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

The red-hot US housing market could cool off slightly in 2025, making it easier to buy a home. There's both some good and bad news on the horizon for homebuyers, according to housing market experts. Another impediment to homeownership has been high mortgage rates, which have more than doubled in the last few years. And rates could come down further in 2025, according to housing market experts. AdvertisementIndeed, first-time homebuyers are having unprecedented difficulty in the housing market.

Persons: it's, homebuyers, Homeownership, it'll, Daryl Fairweather, Chen Zhao, Goldman Sachs, Jeffery Roach, Redfin, Fairweather, Zhao, haven't, Elijah de la, Gen, Edward Yardeni, they've, Gen Zers Organizations: Republican, LPL, National Association of Realtors —, Yardeni Research

☆ 4 people who bought and sold homes without a traditional real-estate agent break down how and why they did it
▼ + stars: | 2024-12-07 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +9 min

Some predicted more people would forego hiring traditional real-estate agents for their deals. AdvertisementA 2023 court ruling against the country's biggest association of real-estate agents was expected to transform how Americans buy and sell homes. The majority of Americans hire a traditional real-estate broker to facilitate their transactions. Read on to hear from the four people who bought or sold homes this year via big companies or real-estate startups instead of a traditional agent. According to Kenneth Bloom, who's already sold two properties with Redy, the savings are significant compared to using a traditional real-estate agent.

Persons: brokerages, RISmedia, Redfin, it's, Chelsea Hutchison, Read, Hutchison, Melissa Gonzales, Opendoor, Josh Altman, Redy, Kenneth Bloom, who's, Bloom, he's, —, Sergio Rodriguez, Rodriguez, they'll, TurboHome Organizations: National Association of Realtors, Business, NAR, Opendoor, Realtors Locations: homebuyers, Canby , Oregon, Vegas, Waterford , Michigan, West Bloomfield , Michigan, Atlanta, Dallas, Orlando, Phoenix, San Diego, California, California , Texas, Washington

☆ The housing shortage is so bad older homes are almost as expensive as brand-new ones
▼ + stars: | 2024-12-06 | by ( Eliza Relman | ) www.businessinsider.com time to read: +3 min

Older homes are now nearly as expensive as new builds. For the last half-century, newly-built homes in the US have sold for much more, on average, than older homes. But these days, new homes for sale are less expensive per square foot than existing homes. Overall, newly constructed homes are selling for just 3% more than older homes, down from an average of 16% more since 1968, The Wall Street Journal reported. The costs of building materials and construction labor are elevated, which makes repairing or renovating older homes much more expensive.

Persons: Lawrence Yun, Freddie Mac Organizations: Street Journal, Harvard, National Association of Realtors, NAR, National Association of Homebuilders Locations: Midwest, West

☆ The US housing market won't change much in 2025 — with one major exception
▼ + stars: | 2024-12-04 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

AdvertisementRealtor.com just unveiled its 2025 housing market outlook. Home sales and the cost of buying or renting won't be much different in 2025, Realtor.com said in its housing forecast published on December 4. AdvertisementIn addition, it's unclear how President-elect Donald Trump's policies will affect the US housing market, though stock market strategists generally agree that tax cuts and deregulation will boost business confidence. Related storiesHigh on supplyWhile that backdrop mostly represents business-as-usual, next year's housing market may be marked by a significant development: sizable increases in home and apartment supply. AdvertisementA long-running home shortage is finally easing, as Realtor.com predicts that 2025 will be the first "balanced" housing market in nine years, meaning neither buyers nor sellers will have disproportionate leverage.

Persons: Realtor.com, they'll, we're, Ralph McLaughlin, it's, Donald Trump's, McLaughlin, there's, Freddie Mac, Zumper, — Organizations: Federal Reserve, Business, National Association of Realtors

☆ This factor can get your mortgage application denied — even if you're a high earner
▼ + stars: | 2024-12-03 | by ( Ana Teresa Solá | ) www.cnbc.com time to read: +4 min

Your debt-to-income ratio is all your money debt payments divided by your gross monthly income. The debt-to-income ratio was the most common reason for a denied mortgage application, at 40%, according to the 2024 Profile of Homebuyers and Sellers report by the National Association of Realtors. Take your total required monthly debt payments, like your monthly student loan or car loan payment. Divide that sum by your gross monthly income, she said. If the lender accepts up to 50% DTI, the borrower may be able to take up a $2,500 monthly mortgage payment.

Persons: Clifford Cornell, Shweta Lawande, Brian Nevins, That's, Nevins, Shaun Williams, Williams Organizations: Financial, Bureau, National Association of Realtors, NAR, Francis Financial, Bay Equity, CNBC, Paragon Capital Management Locations: New York City, It's, Denver

☆ Middle-manager roles disappearing further complicates the ongoing retirement crisis
▼ + stars: | 2024-12-02 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, Corporate America doesn't seem interested in bringing back the middle managers it's spent the past few years kicking out. The big storyMiddle managers' new realityiStock; Rebecca Zisser/BIMissing: Open positions for middle managers. Their strategy includes only keeping the minimum number of staffers needed for departments to function effectively, which might spell more trouble for middle managers. PeopleImages/Getty ImagesIn the meantime, recovering middle managers are left fighting for anything they can get. The downsides of fewer middle managers — burnt-out supervisors, fewer mentors for young employees — are already coming to light.

Persons: we've, doesn't, it's, Rebecca Zisser, Insider's Aki Ito, Data Aki, — Aki, Elon Musk, Vivek Ramaswamy, That's, Aki, —, Michael Raines, Jenny Chang, Rodriguez, isn't, Ross Gerber, Donald Trump, Gerber, Adam Turnquist, LPL, Mario Tama, Musk, Jim Farley, didn't, hadn't, Anuj Shrestha, Roy, Ryan Seiders, Carlos Tavares, Jill Biden, Dan DeFrancesco, Grace Lett, Ella Hopkins, Spriha Srivastava, Jack Sommers, Amanda Yen, Milan Sehmbi Organizations: Business, Revelio, Companies, Department of Government, Rosenberg Research, Elon, Getty, Netflix, EV, National Association of Realtors, Chrysler, Maserati Locations: Tesla, Washington, China, New York, Chicago, London

☆ 4 predictions for the US housing market in 2025, according to Zillow
▼ + stars: | 2024-12-01 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +4 min

AdvertisementThe US housing market will keep shifting in 2025, according to Zillow. Homebuying activity should pick up after a long slump, despite choppiness in mortgage rates, the firm said. Between stubbornly high mortgage rates and elevated prices, home buyers had a tough time navigating the housing market in 2024, but more changes could be coming next year, Zillow says. In a recent outlook, the real estate listings site forecast a handful of developments for next year's housing market, which they noted is still in the process of normalizing since the pandemic. Mortgage rates will be choppyZillow predicted that mortgage rates will bounce up and down throughout next year.

Persons: Zillow, Freddie Mac, Skylar Olsen, Olsen, there's Organizations: National Association of Realtors

☆ 9 charts show how buying a home has gotten harder for the average American
▼ + stars: | 2024-11-30 | by ( Alcynna Lloyd | Madison Hoff | ) www.businessinsider.com time to read: +8 min

Advertisement"A challenge for first-time homebuyers is higher mortgage rates, especially over the last year," Snowden said. "We see that a large share of homebuyers, especially first-time buyers, rely on gifts or loans from family and friends," Snowden said. The share of first-time homebuyers dropped to just 24% in 2024, down from 32% in 2023 and a record 50% in 2010. AdvertisementIn 2024, the median age of first-time buyers was 38, nine years older than in 1981. AdvertisementSince NAR started collecting data, single women homebuyers have outpaced single men homebuyers, but the gap has grown.

Persons: homebuying, Brandi Snowden, Snowden, hasn't, it's, homebuyers, —, Gen Zers, Gen Xers, Jessica Lautz Organizations: National Association of Realtors, Census Bureau, Department of Housing, Urban Development, NAR, Federal Reserve's Survey, Consumer Finances Locations: America, US

☆ The battle against 6% broker fees isn’t over after a surprise 11th hour court filing
▼ + stars: | 2024-11-28 | by ( Samantha Delouya | ) edition.cnn.com time to read: +6 min

CNN —The US Department of Justice threw even more doubt into a new way of paying for real estate brokers this week, raising concerns about a recent wide-ranging legal settlement. The new rules included in the settlement represented the biggest upheaval to the US real estate market in a century, sowing worry among real estate professionals. The NAR settlement was originally announced in March, and the new rules took effect in mid-August. “This is an important moment for NAR members, home buyers and sellers, and the real estate industry,” said NAR President Kevin Sears in a statement about the settlement approval. Rob Crawford, the owner of Florida real estate firm Loch Realty, said he has heard of real estate brokerages weighing whether to leave the organization.

Persons: Realtors —, ”, Leo Pareja, Kevin Sears, Department’s, –, Tanya Monestier, “, Rob Crawford, Crawford, ” Leslie Heindel, hasn’t, ” Heindel, Heindel Organizations: CNN, US Department of Justice, Realtors, eXp Realty, National Association of Realtors, NAR, Justice Department, DOJ, University, Buffalo School of Law, Loch Realty Locations: Missouri, Florida, Loch, New Orleans

☆ Judge Approves National Association of Realtors Lawsuit Settlement
▼ + stars: | 2024-11-26 | by ( Debra Kamin | ) www.nytimes.com time to read: 1 min

It’s official: A legal settlement that will rewrite the way many real estate agents are paid in the United States has received its final approval from a federal judge. Judge Stephen R. Bough of the Western District of Missouri on Tuesday approved an agreement between the National Association of Realtors and a group of home sellers who sued the real estate trade group over its longstanding rules on agents’ commissions, which they say forced them to pay excessive fees. It was the last step in an eight-month process that was set in motion when N.A.R., the nation’s largest trade association, agreed to the landmark deal on March 15. It was also largely a formality — Judge Bough gave preliminary approval to the agreement on April 23, and the rule changes detailed in the settlement took effect on Aug. 17, forcing agents across the country to begin adjusting how they do their jobs.

Persons: Stephen R, Bough Organizations: United States, Western, of, National Association of Realtors Locations: United, of Missouri

☆ I bought a $3.25 million home as a single woman. Homeownership is an investment in my future.
▼ + stars: | 2024-11-24 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

In 2022, she bought a three-bedroom home in Williamsburg, Brooklyn, for $3.25 million, entirely on her own. AdvertisementOne of the bedrooms in Chestler's Williamsburg condo. Courtesy of Jessica ChestlerWhen you're buying a home with someone else, there's obviously a lot more to consider, especially if you're not married. AdvertisementThere's always that uncertainty: What if the person you're buying with doesn't like it or wants a different lifestyle? There's a certain trepidation — whether you're a woman or a man — when you're single and unsure about your future, which can make people hesitant to buy a home.

Persons: Jessica Chestler, Chestler, Douglas Elliman, I've, It's, Ben Jacobs Organizations: National Association of Realtors, Michelin, bodega Locations: Williamsburg , Brooklyn, New York, Florida, Jessica Chestler New York, Williamsburg, Brooklyn, Manhattan, London

☆ 'Shark Tank' investor Barbara Corcoran says young people's dreams of buying a home are being crushed
▼ + stars: | 2024-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementBarbara Corcoran says it's "disturbing" how young people are being locked out of the housing market. The "Shark Tank" investor pointed to first-time buyers getting older and losing out to cash buyers. High prices, steep mortgage rates, and fierce competition are locking young people out of becoming homeowners, Barbara Corcoran says. Plus, the median age of first-time buyers climbed from 35 to 38. Corcoran also dismissed concerns that the housing market is overheated and headed for a slump.

Persons: Barbara Corcoran, Corcoran, Trump, Sellers, —, they're, Trump's Organizations: Fox Business Network, The Corcoran Group, National Association of Realtors

☆ Bad news if you’re looking to buy a house in the next two years
▼ + stars: | 2024-11-22 | by ( Bryan Mena | ) edition.cnn.com time to read: +6 min

After hitting two-decade highs nearing 8% late last year, mortgage rates have fallen, dipping nearly as low as 6% in September. Mortgage rates are expected to stay stuck above 6% for at least the next two years, according to economists and recent forecasts. Home sales are on track for their worst year since 1995 due to home-price growth and elevated mortgage rates. Mortgage rates are closely tied to the 10-year US Treasury yield. Billionaire investor Paul Tudor Jones last month said a swelling national debt under Trump would be frowned upon by the bond market.

Persons: Freddie Mac, ” Lawrence Yun, “, Wells, Fannie Mae, Donald Trump’s, Trump, ” Bernard Baumohl, Paul Tudor Jones, “ We’re, ”, Nick Dus, “ They’ve, Dus, NAR’s Yun, Yun, ” Yun, Samantha Delouya Organizations: Washington CNN, National Association of Realtors, Federal, Treasury, Economic Outlook, Billionaire, Trump, CNBC, CNN, Fed Locations: Wells Fargo, Evansville , Indiana

A sharp drop in mortgage rates brought homebuyers off the fence in October after a slow summer. Sales were 2.9% higher than October of last year, marking the first annual increase in more than three years. While mortgage rates remain elevated, they are expected to stabilize.”There were 1.37 million units for sale at the end of October, an increase of 19.1% from October 2023. That is still high historically, but lower mortgage rates likely caused that share to drop. Mortgage rates are much higher now, at 7.05% on the 30-year fixed.

Persons: ”, Lawrence Yun, ” Yun, Chen Zhao Organizations: National Association of Realtors, Mortgage News, Fed Locations: Redfin

☆ Home sales jumped in October, and housing demand is set to pick up from here, NAR says
▼ + stars: | 2024-11-21 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +2 min

That's partly due to higher inventory levels, which rose 19% in October compared to last year. Existing home sales rose 3.4% in October, the group said. Sales rose 2.9% year-over-year for the first annual rise since July 2021 when Americans were still in the midst of a pandemic homebuying boom. Despite higher inventory levels, existing home prices have continued to rise, with the median existing home price climbing 4% in October to $407,200. Last week, the 30-year fixed mortgage rate ticked lower but remained elevated at 6.78%, three basis-points higher higher than the 52-week average, according to Freddie Mac.

Persons: Lawrence Yun, Freddie Mac, Yun, Zillow Organizations: National Association of Realtors, NAR, Bank of America Locations: Real

☆ Home prices may fall 20% as the housing market thaws — and help get baby boomers moving, research legend says
▼ + stars: | 2024-11-20 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

AdvertisementMeredith Whitney expects home prices to fall by 10% to 20% as the frozen housing market starts thawing. The veteran researcher said baby boomers aren't selling, restricting the number of homes available. Home prices are poised to fall by up to a fifth as the frozen housing market thaws — and that could help baby boomers sell at last and younger people to become homeowners, Meredith Whitney says. Advertisement"The problem is the baby boomers own 60% of the housing stock," she said, referring to single-family, owner-occupied homes. AdvertisementSeveral economists have predicted a "silver tsunami" as baby boomers sell their homes to downsize or move into care homes, increasing the available supply of single-family homes and reducing prices.

Persons: Meredith Whitney, It's, Price, Whitney, millennials Organizations: Meredith Whitney Advisory Group, Homeowners, Federal Reserve, National Association of Realtors, CNBC

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