Study shows most aging homeowners choosing to age in place, according to Redfin research

The desire of baby boomer homeowners to age in place is expected to have a significant impact on the housing market, potentially prolonging the shortage of available homes for sale. This trend is driven by various factors such as economic uncertainty, health concerns, and a desire for stability in older age. As a result, there may be fewer existing homes entering the market, leading to increased competition among buyers and higher prices in many regions.

– Baby boomer homeowners choosing to age in place
– Impact on shortage of homes for sale
– Factors driving the trend
– Potential consequences for housing market
– Increased competition among buyers
– Higher prices in many regions

You can read this full article at: https://www.housingwire.com/articles/majority-of-older-homeowners-plan-to-stay-in-their-home-as-they-age-redfin/(subscription required)

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