Boomers own 38% of America's homes-but more than half never plan to sell
Briefly

from New York Post5 months ago
Among baby boomers, 54% say they never plan to sell their homes, indicating a significant reluctance that may impact future housing market supply.
New York Posthttps://nypost.com/2024/09/19/real-estate/boomers-own-38-of-americas-homesbut-more-than-half-never-plan-to-sell/
Despite expecting to profit over $100,000 from selling their homes, three-quarters of boomers believe homeownership is key to their financial security and stability.
New York Posthttps://nypost.com/2024/09/19/real-estate/boomers-own-38-of-americas-homesbut-more-than-half-never-plan-to-sell/
The housing supply problem continues in the U.S., with only 1.33 million homes available, a figure below what economists say is needed for market balance.
New York Posthttps://nypost.com/2024/09/19/real-estate/boomers-own-38-of-americas-homesbut-more-than-half-never-plan-to-sell/
Boomer homeowners' reluctance to downsize could constrain available housing supply, contributing to sustained high home prices as overall inventory remains low.
New York Posthttps://nypost.com/2024/09/19/real-estate/boomers-own-38-of-americas-homesbut-more-than-half-never-plan-to-sell/
Read at New York Post
#housing-market #baby-boomers #real-estate-trends #homeownership #supply-and-demand
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