TITLE

Leaving Home in 2015…

PUB. DATE
April 2006
SOURCE
Journal of Financial Planning;Apr2006, Vol. 19 Issue 4, p12
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This article reports on the future of home prices in the United States. Robert Martin, an economist in the Federal Reserve's division of international finance, contends that the exit of baby boomers from the workforce, combined with a concurrent drop in productivity, will decimate the housing market. Martin predicts that housing prices will peak between 2005 and 2010, and begin their collapse by 2015. However, the decline may not be so severe if baby boomers work beyond age 65 or if productivity gains are larger than anticipated.
ACCESSION #
20836700

 

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