Lock-In Baby Boomers Being Blamed for Housing Inventory Shortages Have Few Options: Experts

Published on September 18, 2024

A lack of housing inventory, high home prices, and high mortgage rates continue to deter those wanting to buy homes in 2024. At the top of the logjam is the baby-boomer generation (born between 1946 and 1964), which is being targeted as possibly exacerbating the inventory shortage because they just won’t move. According to real estate referral company Clever, while 61 percent of the baby boomers they surveyed currently own homes, more than half of them (54 percent) have no plans to sell, along with the expectation they’ll spend the rest of their lives in their current homes. Clever data writer Nick Pasano told The Epoch Times that he is aware of bitterness toward the lock-in baby boomers by younger homebuyers struggling to find available homes in today’s market....

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