Seniors aren't the only homebuyers who want to downsize right now

Downsizing from a larger to a smaller home is a common practice for older adults as they enter retirement, but those types of plans could now be challenged by issues stemming from inflation. This could cause the market to be more competitive for seniors who have downsizing goals in mind. “We are not building enough housing for everybody who needs a place to live,” Fairweather said.

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