Baby boomers and the Silent Generation own 34.1% of U.S. housing wealth, significantly influencing regional markets as they downsize or retire. This trend will particularly benefit affordable cities with positive economic growth but could lead to oversupply in areas lacking young population influxes. Policymakers are exploring ways to encourage downsizing through tax incentives like adjusting the capital gains tax exclusion.
Read the full article at Realtor.com Blog
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