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significant number of homeowners are choosing not to sell their homes, with over a third saying they'll never do so, according to a Redfin survey. Among those aged 60+, this figure rises to 43%. Many homeowners plan to stay in their current home for at least 10 years or forever, with baby boomers being the most likely to hold onto their houses indefinitely.

    The majority of respondents cited financial and personal reasons for not selling. Nearly 40% said they're keeping their home because the mortgage is paid off, while 37% simply like their home and see no reason to move. High home prices were a factor for 30%, but low mortgage rates were only mentioned by 18%.

    As a result of this trend, the housing market may face further challenges. With fewer homeowners planning to sell, inventory levels remain low in many areas. However, there are some signs of improvement: listings and inventory have been rising, with active listings up 22% year-over-year and total inventory increasing by 17.5%.