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Boomers may elude predictions of their homebuying power

from By Michael J. Berens

Once again, baby boomers are bucking conventional wisdom. The scenario oft-repeated within the housing industry is that boomers are sitting on a lot of home equity and will at some point sell their current family-oriented homes and buy housing that will better support an older active lifestyle, thus creating a lot of churn and demand in the market. Several recent reports, however, suggest that boomers may not cooperate with that scenario. more

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