Boomers versus millennials creates housing shortage
Last updated 9/15/2017 at Noon
Special to the Village News
With the aging of America comes word about a recent phenomenon in the housing market on which it’s worth shedding light. The same generation that oversaw the largest residential real estate expansion in history, the baby boomers, have become the baby “blockers.”
They’re not letting millennials in to their homes, that is.
It’s not new news that there is a shortage of housing stock for first-time homeowners, especially millennials. As the largest demographic group in America seeks to put down roots, they are finding a shortage...