BOOMER BONANZA

Boomers, those currently between 62-80 years-old, perhaps surprisingly comprise the largest share of US home buyers at 42%. In part, it’s because they (and those over 80) control $110 trillion or about 60% of all U.S. household wealth. With that money they are increasingly upsizing their homes by buying bigger ones or financing additions to existing homes. In 2016 4% upsized, it’s now 7%.