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The "silver tsunami" is coming as more baby boomers retire, and when it does, it will shake the very foundations of the real estate market (pun intended). A report in the Tampa Bay Herald says that over the next 20 years, a flood of home sales by boomers (or their estates) will reshape real estate markets across the country.
Considering that boomers own approximately 40 percent of the homes in the U.S.—32 million—that's going to mean a lot of dwellings changing hands and a lot of neighborhoods changing.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
