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Aging in Place Adds Pressure to the Housing Market
Senators at Wednesday's hearing explored bipartisan legislation to boost housing supply, with witnesses pointing to homeowners 65 and older staying in their homes longer. As older Americans age in place, fewer existing homes reach the market, tightening supply for younger buyers and pushing prices and competition higher. Lawmakers debated incentives for downsizing and construction as possible relief.
Why now: Housing affordability remains a top concern, and the role of older homeowners staying put is drawing fresh attention to supply shortages.
United States Senateolder homeownersUS housing market
Evidence
- Aging in Place Adds Pressure to the Housing Market · globest.com
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