A brand new survey from Clever Real Estate reveals that 61% of child boomer owners say they “by no means” plan to promote their properties, a soar of seven proportion factors from 2024. The essential motive? More than half need to age in place.
That’s a giant shift. Baby boomers now make up the most important share of U.S. owners, and if greater than 6 in 10 say they’ll “by no means” promote, that has ripple results:
Inventory squeeze
: With fewer boomers placing properties in the marketplace, youthful patrons have much less provide to select from, which may maintain costs elevated.
Aging in place development
: The want to stay put typically means investing in accessibility upgrades—issues like stair lifts, walk-in showers, and sensible dwelling tech for security.
Generational divide
: Millennials and Gen Z face increased borrowing prices and restricted starter-home availability, whereas boomers are holding onto bigger household properties longer.
Long-term planning
: Some consultants word that many of those properties will ultimately switch by inheritance quite than gross sales, altering how housing inventory re-enters the market.
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