As more older Americans 'age in place,' younger buyers struggle to find homes
February 11, 2019 at 11:26 AM EST
With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a marketplace already experiencing a critical shortage, according to Freddie Mac. That stay-put trend is crashing into the rising demand for housing from the huge millennial generation: Fewer homes for sale will continue to put upward pressure on already overheated home prices.