General World News

Many older Americans stuck in homes that no longer fit

The nation’s housing shortage is often framed as a challenge for first-time buyers and growing families. But another group is increasingly feeling the impact — older homeowners who want to downsize yet find themselves with few practical options.

Across the country, many seniors remain in large family homes long after their children have moved away.

While aging in place is often portrayed as a lifestyle choice, housing professionals quoted in a Realtor.com article said many older Americans are staying put because moving no longer makes financial sense.

“We have quietly created a generation of ‘lonely nests,’” said Wendy Newman, a details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com

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