“Homeowners are aging in place,” said Mark Eppli, director of the James A. Graaskamp Center for Real Estate at the University of Wisconsin-Madison.
That’s partly because most of them have mortgages at under 4%, but is also just a personal preference. “They get comfortable with the church they’re going to, with the drugstore they go to, the grocery store, to the bar, whatever it may be,” Eppli said.