Housing Saviors: Echo Boomers

The key to a housing recovery may already be in place and may just be a matter of time until demand picks up. Once the U.S. emerges from recession, demographic trends should restore health to the housing market. According to Harvard University’s Join Center for Housing Studies, the key to the recovery is echo boomers. Echo Boomers are the 75 million Americans born between 1979 and 1995. "There will be 5 million more echo boomers than there were boomers when they first started swelling housing markets," said Eric Belsky, executive director of the Joint Center. Household growth during the next 10 years should range between 12.5 million and 14.8 million, according to the report. To read this article, click here.