Over 33 percent of baby boomers who are homeowners said they will never sell their homes, real estate brokerage Redfin said in a June 18 statement detailing the results of a survey.
“Another 30 percent say they’ll sell their home at some point, but not within the next decade,” said the report. As for older people, the survey reveals they are even less likely to sell than boomers. Nearly 45 percent of the Silent Generation do not plan to sell their residential properties.
The Redfin report, which surveyed roughly 4,000 U.S. residents, said younger homeowners are more likely to sell. Twenty-five percent of Gen Xers and 21 percent of millennials/Gen Zers said they would not sell….