Members of today’s aging population aren’t selling their homes as fast as previous generations, and according to some economists, this is clogging up the real estate market.
“They appear to be staying in the family home longer than previous generations,” Sean Becketti, chief economist of Freddie Mac, wrote in a new outlook report, “and the imbalance between housing demand and supply continues to boost prices.”
According to the Washington Post, baby boomers who aren’t downsizing contribute to the shortage of homes for sale as well as rising prices.
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