A ‘For Sale’ sign is displayed near a home in Austin, Texas. Brandon Bell/Getty Images
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.
