CoStar Insights

Nordby Talks to USA TODAY About Baby Boomer Trends

by Shara Dahl | Oct 25, 2017

nordbyHans Nordby, Managing Director of the CoStar Portfolio Strategy team, was recently cited in a prominently featured article in USA TODAY focused on housing trends and retirees.

Titled “Who Needs Florida? Here's Where People Approaching Retirement Plan to Live,” Nordby provided insights on home value trends and their likely effect on selling and relocation.

According to the article, Nordby noted that “in the past year home values finally surpassed their previous peak by some measures.”  That, he says, “will likely prompt more older Americans to sell their houses and move either within their communities or to other regions.”

Additionally, he notes that a coming wave of Baby Boomers who plan to downsize but stay in big Northeastern or California cities will strain housing supplies in those areas because restrictive zoning laws now limit the development of condos or smaller homes. 

However, “he predicts zoning officials ultimately will approve a crop of new complexes that are restricted to 55-and-older residents,” which will alleviate the burden of added costs to local school systems.

To read the full article, click HERE.


This post may include "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs, which are based on our current beliefs and various assumptions concerning future events and circumstances that are subject to change.  Actual results and events may ultimately be materially different.  All forward-looking statements are based on information available on the date published, and we assume no obligation to update these statements.  You should not construe this post as investment, tax, accounting or legal advice.