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- 78% of home-owning baby boomers plan to age in their current homes, a Redfin survey found.
- This is keeping existing homes off the market, exacerbating supply issues.
- Financial incentives are keeping boomers put, with current mortgage rates and home prices too high.
Most home-owning baby boomers will not downsize as they age, with 78% intending to stay put at their current address, Redfin found in a recent survey.
That's not good news for housing supply, which is already dwindling at historic lows. With fewer existing homes on sale, conditions are stacked against younger homebuyers in search of a family-sized property.