Researchers Warn ‘Baby Boomer Sell-Off’ Could Flood Certain Housing Markets

From ReverseMortgageDaily: The preference for baby boomers to age in place has been blamed in part for lower homeownership rates among millennials, who have been forced to compete for a smaller slice of available properties on the market. But now experts warn that even just a slight change in older homeowners’ attitudes could lead to a

Could baby boomers spur a housing bust?

From The Chicago Tribune: Will baby boomers turn into party poopers when they unload their homes in large numbers starting in the next decade? Could they create an indigestible oversupply in the market that lowers home prices and frustrates sales? That’s a sobering scenario outlined by two new, provocative studies. One, from Fannie Mae’s Economic and Strategic

As home prices remain high, some uncertainty lingers for region’s market

From The Frederick News-Post: While a report out last week showed that June’s median housing prices in the Washington region were the highest ever, another new report suggests that the area’s housing market may face some volatile factors in the coming years. The median sales price for the Washington metro area in June was $471,000, up

Why longtime DC-area homeowners may have trouble selling

From WTOP: A new report predicts that some baby boomer homeowners in the D.C. region who try to sell soon may have trouble getting the price they want. The study comes from the Stephen S. Fuller Institute at George Mason University. It points out that people have been predicting a nationwide housing sell-off tied to aging boomers

Congressman Taylor Introduces Legislation That Seeks to Stop Continuing Resolutions

From wtvf: Congress doesn’t have a reputation for managing money well. But these days it seems like lawmakers are unwilling — or unable — to balance the checkbook on time. These days it seems like Washington budgets by a series of never-ending continuing resolutions — a way of delaying action until well past the last minute.