As more older Americans 'age in place,' younger buyers struggle to find homes

With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a marketplace already experiencing a critical shortage, according to Freddie Mac. That stay-put trend is crashing into the rising demand for housing from the huge millennial generation: Fewer homes for sale will continue to put upward pressure on already overheated home prices.