1 in 3 Baby Boomers Say They Will Not Sell Their Home: Report

Many older people refuse to sell because they cannot afford a similar property in their neighborhood. That makes the market tight for young buyers.
1 in 3 Baby Boomers Say They Will Not Sell Their Home: Report
A for-sale sign in front of a home in Miami on Feb. 22, 2023. Joe Raedle/Getty Images
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Over 33 percent of baby boomers who are homeowners said they will never sell their homes, real estate brokerage Redfin said in a June 18 statement detailing the results of a survey.

“Another 30 percent say they’ll sell their home at some point, but not within the next decade,” said the report. As for older people, the survey reveals they are even less likely to sell than boomers. Nearly 45 percent of the Silent Generation do not plan to sell their residential properties.

Naveen Athrappully
Naveen Athrappully
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Naveen Athrappully is a news reporter covering business and world events at The Epoch Times.