Seniors rarely downsize — here’s why that’s hurting first-time homebuyers

Seniors don’t like downsizing, leaving fewer options for first-time buyers – here’s what could help

Among the biggest factors motivating – or hindering – a move for seniors are cost and lifestyle

Seniors rarely downsize — here’s why that’s hurting first-time homebuyers

Experts say it’s a myth that seniors who own their homes are keen to downsize to fund their retirements, when the reality is they’re largely staying put, in part because they don’t like the downsizing options.

Seniors rarely downsize — here's why that's hurting first-time homebuyers

Realtor Barry Lebow specializes in helping seniors downsize — moving out of the family homes they’ve lived in for decades to a smaller place that’s a better fit for their aging lifestyle. From the outside, that might look like the natural progression: feeding a healthy bit of turnover into the housing supply as move-up buyers […]