Nearly fifteen to twenty years ago, boomers were building large, elaborate houses in sprawling suburbs but now, faced with the effort of maintaining such houses, they are looking to downsize.
However, younger generations are not interested in buying their houses and prefer smaller, more modern-looking alternatives, in walkable areas to living miles from retail.
According to the article "Homes built before 2012 are selling at steep discounts — sometimes almost 50%, and many owners end up selling for less than they paid to build their homes."
NIRPC’s 2050 Plan emphasizes housing for all people and ages, especially those within existing communities.
Read the full article here.