Also apparently they won’t get out of their big houses. www.cnn.com/2024/01/16/e...

Boomers won’t part with their homes, and that’s a problem for young families | CNN Business

Buying a family-sized home with three or more bedrooms used to be manageable for young people with children. But with home prices climbing faster than wages, mortgage rates still close to 23-year high...

There's a shortage of downsize housing as well. It took an absurd amount of time to find a place for my folks that was on on one floor, and it's still 3 bed, 2 bath. If a little cottage goes on the market, it's likely destined for a tear down.