Housing Market Faces 'Silver Tsunami' as Boomers Downsize
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A "silver tsunami" of baby boomers downsizing will increase housing supply starting in late 2024, says Meredith Whitney.
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Over 30 million housing units could hit the market as boomers downsize, driving down prices.
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Higher mortgage rates unlikely to impact downsizing plans of older homeowners with equity.
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Not enough younger buyers may lead sellers to accept lower prices to secure gains.
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Whitney warns housing prices need to align with higher interest rates, even if it means declines.