Freddie Mac: Baby Boomers pushing Millennials out of housing market

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One may think that Millennials make up the majority of renters but, not so fast. According to a survey by Freddie Mac, more than 5 million baby boomers are expected to rent their next home by 2020. Between 2009 and 2015, around 2.5 million senior households joined the renters market throughout the United States.

High housing prices hard on millennials With more seniors than ever aging in place and choosing not to sell the family home, an estimated 1.6 million fewer properties are now available in a market already experiencing a critical shortage,

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Housing inventory shortages continue to plague the real estate market, and the generation that’s most to blame is Baby Boomers. In fact, the new Housing Shortage Study from realtor.com shows.

Mortgage rates hit a 2015 high when the national average on a 30-year fixed-rate mortgage hit 4.08 percent earlier this week, according to Freddie Mac’s weekly. performance of the housing market,

Just as millennials were painted with a broad urban brush, so too now are baby boomers: But is this "trend" for real? When millennials began entering the rental pool en masse, the multifamily industry couldn’t have been happier. After all, the recession-brought on by the single-family mortgage.

It’s important for millennials to benefit from some of this left and right, back and forth, that the boomers experienced, even if we’re going to end up coming out in a different place than the.

One of the most important keys to today’s single-family housing market is homeowners who were born before the first-ever episode of Star Trek aired in the 1960s. Today, more than 50 years later, Baby Boomers and other homeowners over the age of 55 control almost two-thirds of the nation’s home equity – about $8 trillion.

Did the baby boomer generation destroy the economy for millennials. like Fannie Mae and Freddie Mac to try to boost ownership for boomers who had been worrying that they were getting left behind in.

According to Sternberg, millennials have found themselves saddled with a broken economy and a combustible job market thanks to the careless choices of baby boomer politicians. I’ve interviewed anti-baby boomer authors before, but what makes Sternberg’s book stand out from the rest is his unique diagnosis of the problem.