Like Frieden, they're having a hard time finding what they need on the market.
Frieden says she's surprised developers aren't doing more to meet the demand, particularly at the higher end of the market.
Empty-nest boomers now own twice as many large homes as millennials with kids do, according to a recent Redfin analysis.
This is making it even harder for millennials and households with kids to break into the market or upsize their homes.
AdvertisementThis misallocation of housing — and shortage of larger condos and apartments — will become increasingly urgent as boomers age in homes that aren't ideal — or even safe — for them.
Persons:
Deborah Frieden, —, they've, Frieden, they're, they'd, Joe's, she's, I've, Daryl Fairweather
Organizations:
Service, BI
Locations:
Oakland , California, Lake Merritt, Frieden