Baby boomers are driving the trend of Americans staying in their homes for twice as long as they did 2 decades ago

Wed, 02/14/2024 - 12:43

Couple in front of a house. — Boomers are unlikely to downsize given the current affordability conditions, Redfin said.
ADRIAN MYERS/Getty Images

Americans are staying in their homes twice as long as they used to, a trend largely driven by boomers.
Around 40% of baby boomers have stayed in their homes for at least 20 years, per a Redfin analysis.
That can be chalked up to the unaffordable housing market, with mortgage rates and prices both elevated.

Americans are staying in their homes twice as long as they used to — a trend largely being driven by baby boomers, who are opting to age in place as the housing affordability remains challenged.