Boomers, who are currently the empty nest generation, are not leaving their large homes, leading to 28% of all U.S. homes with three or more bedrooms being owned by individuals aged 60 to 78. This age group, comfortably settled in mortgage-free homes, is reluctant to move due to significantly lower interest rates on their current mortgages. This trend has caused a freeze in the housing market, as around 70% of mortgage holders have rates more than 3 percentage points below the market, discouraging them from considering a move. Consequently, the anticipation for housing market relief through downsizing by boomers seems unlikely, with many not planning to move at all according to a Fannie Mae survey.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode