England, Robert Stowe
April 2005
Mortgage Banking;Apr2005, Vol. 65 Issue 7, p58
The article reports that the aging baby boomers are a key demographic force driving up the demand for housing. Immigration is also an important demographic factor, but one that, at least for now, is secondary to the aging boomer phenomenon. The reason aging boomers continue to drive up housing demand is that home ownership continues to increase with age. The home ownership rate for householders does not peak until somewhere between age 70 and 74 and may not peak then for the boomers. In every age group up to age 75, there are still families trying to build on their savings to make the transition from renting to owning.


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