A notable shift is occurring among baby boomers, who are now the largest group of homebuyers. They are choosing to hold onto large properties or purchase even bigger ones. This trend is influenced by various factors, including financial advantages over younger buyers.

Multi-generational living is also a driving force, with more adult children living at home for longer periods. According to a senior economist, this extra space is not solely for personal comfort.

Further details on this trend are available, providing insight into the changing housing market dynamics and the role of baby boomers in shaping it.