Boomers could help fix Wisconsin`s housing market

RHINELANDER (WJFW) — While prices haven’t started falling and it’s still considered a seller’s market, the supply of houses is slowly growing as the Baby Boomer generation gets older.

David Clark, economics professor emeritus of Marquette University and economics consultant for the Wisconsin Relators Association, acknowledges the struggles of current home buyers.

“The real challenge is not on the demand side. There’s plenty of demand for housing but the real challenge is on the supply side,” he said. “There are simply more people who want to buy homes than there are homes for them to purchase.”...   ...more

Ken Notes: Again, we have created the have and have nots in housing. The aging in place model is a great opportunity for senior boomers but with entry costs new facilities (Independent Living thru Assisted Living or Hospice) at or near 500K we have made these facilities out of reach for most. Also seniors do not want to age in the facilities that their parents or grandparents were in and would love options but again these options are not out there for most...