💨 Abstract

In the D.C. area, baby boomer-age homebuyers have surpassed millennial buyers, accounting for 42% of sales in March, according to the National Association of Realtors. Boomer buyers are less sensitive to prices and mortgage rates, with many purchasing homes entirely with cash. They are also leading a shift in the home buying process, with more traditional offers including contingencies and thorough inspections.

Courtesy: wtop.com