Millennials and Baby Boomers are the two largest demographic age groups that make up the U.S. population. It is a given that over time these two groups will dramatically influence the housing market. Research and surveys are showing that the majority of Millennials want to buy a home one day, and are hopeful for their economic future. On the other end of the spectrum, many Baby Boomers are staying in their homes, holding off on selling and down-sizing. Of course, many factors play into the reasoning behind renting vs. buying, and staying vs. downsizing. The two articles below explain briefly some of those reasons and trends, and how they affect the market.
NAR article on Millennials: http://realtormag.realtor.org/daily-news/2015/12/17/94-young-renters-want-buy?om_rid=AAUdTR&om_mid=_BWcyJUB9I98ghS&om_ntype=NARWeekly
NAR article on Baby Boomers: http://realtormag.realtor.org/daily-news/2015/12/07/baby-boomers-blamed-for-clog-in-housing?om_rid=AAUdTR&om_mid=_BWcyJUB9I98ghS&om_ntype=NARWeekly
