Realtor.com says Baby Boomers are a major cause of the housing shortage in the US. According to these recently released survey results, Boomers are generally satisfied with their current home and reluctant to move onto a new setting. This generational trend, according to the survey, is keeping listing inventory low and freezing would-be buyers out of the market. Among the survey findings:
- 72% of Boomers say their home meets their current needs.
- 85% of Boomers don't plan to sell in the next year.
- Up to 33 million properties are being withheld from the market due to this generational trend.
There's much more to the story than this.
The survey makes it clear Baby Boomers are generally content to stay put in their current home, but it…