Seniors and Young Adults Will Influence U.S. Housing Markets
Categories: U.S. Legislatitive Issues, Legislative & Regulatory News |
Author: Mike Williams
Posted: 3/14/2012 |
Aging baby boomers and their echo boomer children will significantly impact trends in the nation’s housing market over the next 20 years. In a new report released by the Bipartisan Policy Center, “Demographic Challenges and Opportunities for U.S. Housing Markets,” researchers at the National Association of Realtors®, The Urban Institute, and the University of Southern California analyze key demographic trends and their likely influence on housing and homeownership in the U.S.
Over the next two decades, the aging baby boomer generation will swell the nation’s senior population by 30 million. That demographic shift will likely help increase the supply of housing, since people over age 65 typically release much more housing than they absorb.
To read a copy of the report
Source: National Association of Realtors