The boomers were the largest generation of Americans and also are close to retiring or starting to retire, at the same time their children's children are entering the workforce, all of which were still relatively large demographics. This has created a temporary situation where we have a lot of people currently in the property market, because the boomers haven't quite retired and left their homes at the same time the millenials and zoomers are entering the market.
In another 10 years as the boomers begin to move to retirement homes, and assisted living centers, and die off (the move to sedentary office work along with poor dietary habits led to this) we'll see the pressure on the housing market ease as the massive generation currently occupying homes, the boomers, cease to occupy these homes and put them back into circulation.
The biggest risk in this case is that investment firms, such as Goldman and Berkshire try and steal the housing without ever intending to release onto the market.
If that happens I would say "reasonable men [will end up doing] unreasonable things", Madame Guillotine becomes a popular political figure, and trees start getting watered and “Wo unto them that join house to house, that lay field to field, till there be no place, that they may be placed alone in the midst of the earth!”[1]
1. Isaiah 5:8