Baby Boomers Are Choosing to Not Sell and Age in Place

The Baby Boomer generation, which was once thought to bring a large supply of housing inventory to the market as they downsize and/or relocate closer to children and grandchildren, has decided not to comply. Instead, they are not selling their homes and deciding to age in place instead. A new Redfin study finds this trend is here and in my opinion could be here for a long time. I discuss this and the significant implication it could have on the future of the U.S. housing market.