Will a ‘silver tsunami' solve the U.S. housing shortage? [Yahoo! Finance]
Angi Inc. - Class A (ANGI)
Last angi inc. - class a earnings: 2/5 04:10 pm
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Source: Yahoo! Finance
The 'silver tsunami' theory suggests that as older homeowners downsize or pass away, an influx of their homes will hit the market and help alleviate the shortage. However, many older homeowners are choosing to invest in upgrades and stay in their homes rather than move. If you're thinking about trying to buy a home, you're probably wondering why housing prices are so high. While there are a lot of factors that impact local real estate prices, a large part of the answer is due to a fundamental law of economics: There isn't enough supply to meet demand. Can the imbalance be solved by time? More than half of homes in the U.S. are owned by people age 55 or older, according to an analysis of U.S. Census Bureau data by Construction Coverage, and a 2023 National Association of Realtors survey found that the typical home seller's age was 60. One theory reasons that, as these homeowners get older and eventually downsize or pass away, an influx of their homes will hit the market — giving
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ANGI
Earnings
- 2/13/24 - Beat
ANGI
Sec Filings
- 5/2/24 - Form DEFA14A
- 5/2/24 - Form DEF
- 5/1/24 - Form 4
- ANGI's page on the SEC website