Posted To: MND NewsWire
Baby Boomers, the largest generation of Americans in history until the Millennials came along, have influenced the country since their birth and have created what could be described as a pig in a python in homeownership rates . They are ageing, the leading edge of the group is now in their 70s, but still, according to Fannie Mae, inhabit 46 million owner-occupied homes with an estimated $13.5 trillion. What happens to the housing market when that generation, voluntarily or not, exit homeownership? Will the four generations following behind the Boomers step up and assume the mantle of homeownership? While it doesn't address the results of this inevitable generational shift, research by the University of Southern California (USC) and Fannie Mae's Economic & Strategic Research Group attempts...(read more) Forward this article via email: Send a copy of this story to someone you know that may want to read it.
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