As people age, they need homes that are more accessible and easier to maintain.
Large homes often have multiple floors, yards, and other features that make them trickier to navigate for older people.
AdvertisementSchuetz says there's not a dearth of large homes in the US.
Instead, there's really just a mismatch between large homes and occupants who don't need them.
But many more family-sized apartments and other homes will need to be built to make up for the lack of large homes on the market.
Persons:
—, Jenny Schuetz, Redfin, Schuetz, Daryl Fairweather, Redfin's, I've, Fairweather, it's, there's
Organizations:
Service, Business, Brookings Institution