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Latest housing trends reflect larger generational shifts

from By Michael J. Berens

Depending on who you want to believe, Americans either are continuing the recent trend of flocking to the cities or they are starting to migrate back to the suburbs. Both scenarios appear possible according to recent data from the U.S. Census Bureau. The reason? Improvements in the economy are aligning with major life-stage shifts in the adult population that impact housing choices. In other words, boomers are downsizing, Gen Xers are maturing, and millennials are looking for their first career jobs. The controversy over the census data boils down to which trend line you choose to emphasize. more

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