78% of baby boomers plan to age in place, contributing to housing shortage for younger buyers.
78% of baby boomers plan to age in place, keeping existing homes off the market and exacerbating supply issues, according to a new Redfin survey. Financial incentives, such as already paid-off mortgages and lower interest rates, are keeping boomers in their current homes. This trend contributes to the ongoing housing shortage, making it difficult for younger homebuyers to find family-sized properties.
April 02, 2024
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