As many baby boomer homeowners look to cash in on their home equity and downsize, some are grappling with a shortage of suitable homes. AdvertisementOlder homeowners are increasingly staying put, as mortgage rates and housing costs remain stubbornly elevated and inventory— particularly of affordable and accessible homes — is scarce. She says the homes she's looked at would need a lot of work and aren't in familiar neighborhoods. Courtesy of Kim Cayes'A lateral financial move'Some boomers who can afford to stay in their homes don't want to endure the costs and possible stress associated with downsizing. Andrea's income is lower than she expected it to be at this point in her life — she's struggled to work since suffering from a head injury in a car crash in 2021.

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Persons: Kim Cayes, Cayes, hasn't, that's, Dorothy Lipovenko, they've, It's, Andrea S, Andrea, She's, — she's, Port Isaac —, Doc Martin Organizations: Business, Hollywood Locations: Parsippany , New Jersey, Jersey, New Jersey, Montreal, Levittown, Sherman Oaks , California, Port