Baby boomers, ranging from 60 to 80 years old, are America’s largest group of both homeowners and homebuyers. According to recent Redfin data, this generation holds nearly twice the share of large homes compared to millennial families with small children, but the reasoning is not what we would expect. Baby boomers are choosing to stay in their homes and upgrade due to an increase in multigenerational living. With rising economic costs, a difficult job market and a competitive housing economy, young adults are either struggling to move out of their…
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