Harvard University

Aging in place contributes to historically low housing inventory

Aging in place contributes to historically low housing inventory

After suffering kidney failure, gallstones, uterine cancer and a heart attack, all in one year, Hilda Ellison needed a cane to get around, had trouble with stairs and was nervous about going down her front walk without holding onto someone.

Her adult children pleaded with her to move in with them. But Ellison, who’s in her 70s, had lived in her Allendale home for a decade and she wasn’t moving. .

“This is my home and I love it,” Ellison said.

A growing number of seniors are choosing not to part with their homes, a decision that’s making waves in the housing market by reducing the inventory of homes available for sale and helping push up...

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