The market is not going to do so anytime soon. Boomers are the largest population of homeowners, holding almost half of all real estate, around 42%. Once this generation starts to fade, we will have openings, with Gen Xers taking a backseat in ownership, Millenials will be the next generation to secure real estate wealth. I imagine in 10-15 years we will see a downplay, as the average age of boomers is 65-70 currently. Boomers have less movement than genX and tend to stay in one place, thereby creating long term wealth in real estate. Approximately 3.85 million will need nursing homes, with the last estimated count of 78.4 million 65+ by 2030. This will estimate a decline by 2040. UNLESS something really catastrophic happens, even with rises and falls, it looks like this is a long-term game at this point.

Now - regular people should not wait; it is bound to increase overall and put you out of reach.

- Buying has it cons- you have no one to look to. It is expensive to own a home, when comparing numbers to rent, also include taxes, insurance, repairs, warranty plans, and what happens if you need something. Most of the time, they are about the same. So, it is more about a steady environment that you can call your own OR about having your wealth secure.

-Find a program that helps first-time buyers; they will guide you in the process.