Redfin Corporation has released a new market analysis revealing significant trends in the U.S. housing market. According to the Redfin-commissioned survey conducted by Ipsos, one-third of baby boomers who own homes do not plan to sell, with an additional 30% expecting to hold onto their properties for at least another decade. This reluctance to sell is contributing to a tight supply of family homes, particularly affecting young buyers seeking affordable options in suburban areas. The survey also highlights that 25% of millennial and Gen Z renters are not purchasing homes because they cannot afford properties in desirable locations. Despite these challenges, there is a silver lining for potential buyers: the supply of homes is up, with approximately 500,000 more home sellers than buyers in the current market. Redfin economists predict a 1% decline in home prices year-over-year by the end of 2025, indicating a potential shift towards a buyer's market in many regions.