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Portrait of beautiful elderly couple on wooden porch
From the Pages of Orlando Weekly

From the Pages of Orlando Weekly: A report by Zillow says a third of all owner-occupied homes are owned by people who are likely to die in the next 20 years


A report released this week by real-estate website Zillow says that a third of all owner-occupied homes are owned by people who are likely to die in the next 20 years. Baby boomers – people born between the years of 1944 and 1964 – own a massive percentage of the country’s housing. And not to be morbid, but once they all pass away, it will facilitate the biggest housing turnover since the construction boom of the 2000s, freeing up housing inventory across the U.S. Zillow has sugar-coated this ghoulish little nugget of data by dubbing the turnover the “Silver Tsunami,” which will “flood” the market with houses for sale, especially in Florida. Not surprisingly, Tampa, Miami and Orlando are in …
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