1153 ET - Empty-nest baby boomers own nearly twice as many U.S. homes with three or more bedrooms as millennial families do, according to Redfin. Baby boomers living in one- to two-adult households own 28% of three-bedroom-plus homes in the U.S., and baby boomers with households of three adults or more own an additional 7%. The latter is likely made up of adult children living with their parents. By comparison, millennials with children living at home own 16% of large homes. Redfin says there aren't enough large homes on the market for the millennial families who need them, partly because there aren't enough small, reasonably priced homes for older Americans to downsize into. In many parts of the U.S., families are priced out of the housing market. (chris.wack@wsj.com)
(END) Dow Jones Newswires
April 02, 2026 11:53 ET (15:53 GMT)
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