Older residents aren’t moving out, shrinking household sizes and keeping vacancies low as housing costs stay high.
WHO:Aging Californians and smaller families
WHAT:Longtime residents are not leaving their homes, contributing to low vacancy rates and high housing costs amid the housing crisis
WHEN:Aug 17, 2026 at 6:00 AM ET
WHERE:California
WHY:Changing demographics—an aging population and smaller families—have reduced average household size, keeping vacancies low despite more homes on the market
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