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Empty-nest baby boomers own more large homes than millennials with children in every major U.S. metropolitan area, creating a housing “mismatch,” according to an April 2 Redfin report.
Baby boomers (ages 62–80 years old) without kids living at home own more than one-quarter of the nation’s homes with three or more bedrooms, while millennials (ages 30–45) with kids still living at home own about 16 percent, the Seattle-based real estate brokerage said.
The much younger Generation Z (ages 13–28) owns less than 1 percent of the nation’s larger-sized homes, Redfin added.
Empty-nest baby boomers own 28 percent of large homes in the United States, with another 7 percent of boomers with at least three adults in the home also owning larger family-sized homes….
Baby boomers (ages 62–80 years old) without kids living at home own more than one-quarter of the nation’s homes with three or more bedrooms, while millennials (ages 30–45) with kids still living at home own about 16 percent, the Seattle-based real estate brokerage said.
The much younger Generation Z (ages 13–28) owns less than 1 percent of the nation’s larger-sized homes, Redfin added.
Empty-nest baby boomers own 28 percent of large homes in the United States, with another 7 percent of boomers with at least three adults in the home also owning larger family-sized homes….
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