Baby boomer plans makes homeownership tough for Gen Z

Past expectations of a wave of homes to hit the market once senior citizens move out are fading, with a majority of baby boomers saying they won’t sell for at least another decade — if ever.

Just over one-third, or 33.5%, of baby boomers have no plans to sell their current homes in their lifetimes, according to new research from Redfin. Similarly, another 30% thought they would wait at least another decade before listing their properties. 

Redfin’s report throws cold water in the near term on previous predictions of a “silver tsunami” of inventory to arrive and potentially lead to oversupply. Over the past decade, several housing research groups forecasted a…