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Headline : Many baby boomers own homes that are too big. Can they be enticed to sell them?

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Some baby boomers would like to downsize from their large homes, but say it doesn't make financial sense. Single-family homes in Dumfries, Va., are seen here last year. Amanda Andrade-Rhoades/The Washington Post via Getty Images hide caption

Some baby boomers would like to downsize from their large homes, but say it doesn't make financial sense. Single-family homes in Dumfries, Va., are seen here last year.

Among the many hard truths for those trying to enter America's brutal housing market, here's one: Baby boomers continue to own many of the country's large houses, even after their households have shrunk to one or two people.

Baby boomer empty nesters own twice as many of the country's three-bedroom-or-larger homes, compared with millennials with kids, according to a recent analysis from Redfin. That means those larger homes aren't hitting the market, one factor limiting the supply for the younger generations who could use those extra bedrooms.

Read more from the original article on here at npr.org.


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