Boomers are starting to look into options for freeing up equity for retirement, and considering most Americans entering retirement have two-thirds of their assets in their homes, it's no surprise boomers are actively selling their larger family homes for smaller, more affordable homes.

At this point, boomers and millennials are competing over the entry-level housing supply, but while millennials are leaving the renter world, boomers are putting their houses up for sale and could flood the market with existing homes. Yet, with the age span of boomers reaching from 52 to 70 years old, it could be several years before we see the flood really begin.

If Boomers do begin to sell off their larger homes, this could be an easy win for remodelers, updating larger family homes for a new generation.

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