business
Baby boomers are aging in place and plunking down hundreds of thousands on renovating their homes
Millennials need homes, but because of high home prices and mortgage rates, baby boomers have little reason to sell.
Baby boomers make up more than one-third of all homeowners, and more than half don’t even have a mortgage, Eric Finnigan, vice president of demographics for John Burns Research and Consulting, previously told Fortune—a figure that is still true today... [4380 chars]
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