Millennials top competition for condos is possibly their own parents!!

Millennials have competition for the condominiums 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 renting apartments and buying condos at more than twice the rate of their millennial children. Read more.

Advertisements