Millennials and Boomers are currently the heavyweights of the rental housing market, comprising a joint 62.2 percent of the renting population.
Broken down, Boomers make up 35.6 percent and Millennials total 26.6 percent. Although both are expected to move into the multifamily rental market in droves throughout the following years, as more and more Millennials leave their parents’ homes, Gen Y will take up a growing share of the market. In fact, it is expected that Millennials will rule both owner- and renter-occupied housing market until 2050. So what do the two greatest generations of the nation want from housing?
Read more...Lifestyle Wish Lists | The Balance Sheet - Yardi Corporate Blog
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