According to a Redfin study, 78 percent of baby boomers will stay in their current home, with no plans to move. Nearly 30 percent of all large homes—with three bedrooms or more—are occupied by empty-nest boomers. Just about 14 percent are occupied by millennials, who are much more likely to have children still at home.
Boomers who are “aging in place” will no doubt lower housing inventory for the immediate future. However, the baby boomer generation is shrinking at an accelerating pace. Baby boomers are a huge group that has had an unprecedented impact on society. The passing of the baby boomer generation will likely also have outsize implications for the economy and the housing market.
