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Boomers versus millennials creates housing shortage

 

Last updated 9/15/2017 at Noon

Michael Macari, chief communications officer for San Diego and Stamford, Connecticut-based National Asset Direct and its iServe Residential Lending companies, speaks about the effect of baby boomers and millennials in the housing market shortage and offers some solutions.

Michael Macari

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...



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