According to a recent study, more Baby Boomers are working longer and living with their kids. In addition, they are tending to hold off on downsizing their homes. Though, in the top 100 metros in the U.S. the study determined that Boomers holding onto homes was not driving up home prices.
Jessica Guerin | HousingWire
Baby Boomers are staying put and their kids are sticking with them.
A study released Thursday by Trulia examined the housing situations of homeowners 65 and older and compared it with a decade ago.
It uncovered a 3.4% jump in the number of seniors working in 2016 compared with 2005, and a 1.7% increase in the number living with younger generations.
It also showed that seniors appear to be holding off on downsizing just the same as they were 10 years prior.
For the rest of the article, click here: Baby Boomers won’t downsize homes anytime soon