Empty-Nest Boomers Own 1 in 4 Large US Homes: Report

Many older Americans are choosing not to move partly because of a shortage of smaller, reasonably priced homes and a desire to stay near family, Redfin says.

A "For Sale" sign is displayed near a home in Austin, Texas. Brandon Bell/Getty Images

Empty-nest baby boomers own more large homes than millennials with children in every major U.S. metropolitan area, creating a housing “mismatch,” according to an April 2 Redfin report.

Baby boomers (aged 62 to 80 years old) without kids living at home own more than one-quarter of the nation’s homes with three or more bedrooms, while millennials (aged 30 to 45) with kids still living at home own about 16 percent, the Seattle-based real estate brokerage said.