Empty-nest boomers aren't selling their big homes

Empty-nest boomers were expected to sell their houses en masse

(Image credit: Fancy/Veer/Corbis)

published 15 April 2024

What happened

About 28% of U.S. houses with three or more bedrooms are owned by baby boomers living alone or with another adult, while millennials with children own 14% of such homes, Redfin found in a recent analysis of 2022 census data. And most Americans 60 and older don't intend to ever move, according to a recent Fannie May survey.

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Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.