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Delaware single boomers. Boomers beginning to sell their homes but can millennials buy?.

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Delaware single boomers

The question is who is going to be there to purchase those homes? Share This Post. Boomer housing footprint is huge By Kathy Canavan Senior Staff Writer Delaware baby boomers are beginning to pack up their single-family homes and move to smaller digs. The housing transfer from generation to generation could have hiccups.

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  1. The transfer started in the second quarter of and revved up as housing prices have recovered to a point where many boomers feel they can get a fair price for their homes and move on, said Rose Quint , assistant vice president of survey research at the homebuilders association. Millennials, he said, want cities or walkable suburbs.

  2. The baby boomer generation, 76 million strong nationally, has a housing footprint so huge that if just one percent of them ditched their single-family manses for multi-family digs, it would represent an entire year of nationwide multi-family housing production, according to Patrick Simmons, director of strategic planning for Fannie Mae.

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