Thread: One of my last projects at @Trulia/ @Zillow reached fruition today—and new venture #MetroSight appeared in the @WSJ

"OK Boomer, Who’s Going to Buy Your 21 Million Homes?"

@LauraKusisto @karadapena https://www.wsj.com/articles/ok-boomer-whos-going-to-buy-your-21-million-homes-11574485201?shareToken=st2288b352dd0f4ea9b6912eb4231476da

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Over the next 20 years, more than a quarter (27.4 percent) of the nation’s currently owner-occupied homes are likely to hit the market as their current owners pass away or otherwise vacate their homes.

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Places likely to be most impacted include both retirement hubs (Miami, Orlando, Tampa and Tucson) and regions where young residents have left (Cleveland, Dayton, Knoxville and Pittsburgh). The impact is also likely to vary greatly across different areas within metros.

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The places likely to be least impacted include those with vibrant economies featuring fast growth and affordable housing that act as magnets for younger residents (Atlanta, Austin, Dallas and Houston).

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Housing released by the Silver Tsunami will provide a substantial and sustained boost to housing supply, comparable in magnitude to the fluctuations that new home construction experienced in the 2000s boom-bust cycle.

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In the coming decades, the construction industry will need to place greater focus on updating existing properties, in addition to building new homes.

Renovation will get much more important, and the construction industry—and financial ecosystem—will need to evolve accordingly.