Millennials' top competition for condos might be their parents

Millennials have tough new competition for the condos and apartments heating up the nation's housing market: Mom and Dad.Roughly 10,000 baby boomers are retiring each day, and recent data shows that half of those who plan to move will downsize when they do. Many are seeking the type of urban living that typically has been associated with young college graduates - so much so that boomers are now renting apartments and buying condos at more than twice the rate of their millennial children.+42 percentAlthough they make up only a quarter of renters, people ages 55 and older accounted for 42......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web http://ift.tt/1Glvfhm
via IFTTT