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The Wall Street Publication > Blog > Markets > As Boomers Downsize, Competition Grows for Simpler—but Not Always Smaller—Homes
Markets

As Boomers Downsize, Competition Grows for Simpler—but Not Always Smaller—Homes

Editorial Board Published October 31, 2021
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As Boomers Downsize, Competition Grows for Simpler—but Not Always Smaller—Homes
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Older buyers seeking smaller or easier-to-maintain homes are crashing into younger buyers in a housing market where the competition is fierce.

Soaring home prices and new construction favoring bigger builds have interrupted traditional patterns of homeownership for buyers across the country. Smaller houses, desired by aging seniors and young couples alike, are among the toughest to find. The supply of homes up to 1,400 square feet is near a five-decade low, according to data from Freddie Mac.

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