As home prices soar, boomers struggle to find affordable, accessible retirement housing, with 80% planning to stay put.

Boomers, aged 59-78, have seen their home equity rise due to rising US home prices but now face difficulties finding affordable and accessible retirement housing. High mortgage rates, limited inventory, and restrictive local zoning laws are making it hard for them to downsize or move. About 80% plan to stay in their current homes, highlighting the shortage of suitable options, particularly affecting lower- and middle-income boomers and those of color.

November 29, 2024
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