I'm curious if we're going to see a glut in housing with so many Boomers entering retirement, wanting to downsize or needing to extract their equity to live on.

Also, economics for Millennials have been terrible. They're of course going to have a terrible time trying to get a down payment together as well as afford a reasonable mortgage payment. Even assuming they use a 3% down mortgage program, they then have no equity, and are locked to the property if they need to move/relocate unless they're willing to default on the property (which then keeps them out of buying again for 3 years).

EDIT: As someone who has seen deep into the real estate market, the game is rigged.