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Boomers Bought Up the Big Homes. Now They’re Not Budging.
Most Ameicans 60 plus years plan to stay in their bigger homes and not downsize surveys show. These older Ameicans occupy 28% of these homes. Millenials families with children occupy only 14% of homes with 3+ bedrooms. Boomers don't want to give up their lower rate mortgages. They own about 50% of $32 trillion home equity in the US. The result is to make housing supply for families with children tighter than it would otherwise have been.
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