Echo Boomers Are Real Estate Wild Card
Conventional wisdom has it that swell of population growth from the "Echo Boom" generation -- children born to Baby Boomers -- would fuel household formation to benefit both rental and owner-occupied housing. At the same time, aging Baby Boomers would release a supply of housing units into the market as they die or move into other housing facilities, including nursing homes.
How do these themes play out? Four researchers, including Selma Hepp of the National Association of Realtors, Rolf Pendall and Lesley Freiman of the Urban Institute, and Dowell Myers of the University of Southern California, sought to answer that question in a recent paper....634 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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