Forbes

America's housing market is graying.

Baby boomers, holding the lion's share of homeownership and real estate wealth, are sitting atop an aging housing inventory that could define the future of millennial homeownership.

As younger generations grapple with affordability challenges and limited supply, understanding who holds the keys—and when they might let go—is critical. To grasp the full picture, we first need to look at how much of the nation's aging housing inventory is concentrated in the hands of boomers.

Baby boomers hold a disproportionately large stake in America's housing market—owning 37% of U.S. homes while making up just over 20% of the population, according to the Census Bureau. Their dominance extends beyond primary residences: they control 57% of the nation's vacation homes and 58% of rental properties that generate income, per the National Association of REALTORS®.

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